Foreign Investments in Singapore Property at 9 Year High

Foreign investments in singapore property at nine year high

Singapore Property recorded a nine-year high since 2007.

Foreign investments in Singapore Property climbed to a nine-year high since 2007 with mega office deals accounting a 41.7% of the total spending just this year alone. 

Office sector drew the most interest with 76.5% of the foreign capital spend so far in 2016.  The Asia Square Tower One deal by Qatar Investment Authority in June and IOI Properties Group's unit, Wealthy Link tender bid for a white site in Central Boulevard contributed a huge chunk of this. 

For the residential sector, deal such as the notably Qingjian Realty's $638 million purchased of the Shufu Ville via a collective sale and won the tender for a mixed development site at Bukit Batok West for a $301 million. 

Analysts say the pace of foreign investment could well carry over into next year depending on how the economy fares. 

The influx of foreign funds is due partly to the view of Singapore as a safer investment in a world rolled by uncertainties. 

Currently, Jurong Point Mall is on the market and Asia Square Two owner BlackRock is believed to be sussing out interest from potential buyer could boost the market investment in the next coming year.