Chart of the Day: Outbound property investment from Singapore hit $9.6b in H1

Office properties accounted for the highest investment sales volume at $6.4b.

This chart from Knight Frank shows that outbound property investment from Singapore amounted to $9.6b (US$7.1b), as compared to the US$13.5b in H2 2018.

Office properties accounted for the highest investment sales volume amongst other asset classes at $6.4b (US$4.7b). This is followed by $2.3b (US$1.7b) worth of industrial properties transacted in H1.

About US$4.5b of outbound investments were to China, whilst acquisitions of United Kingdom assets made by Singapore-based investors amounted to $1.3b (US$962m) in the same period.

Some notable outbound investments deals include ARA Asset Management’s purchase of Seoul Square building for approximately $1.2b (US$874.8m), and Keppel Land and Alpha Investment Partners’ acquisition of Shanghai Yi Fang Tower for around $933.2m (US$687.6m).