Investors purchased $14.56b in Singapore property

It took the 10th spot as the most active real estate city in the world.

Singapore jumped five places to the 10th in JLL's rankings of the most active countries in terms of real estate investment.

According to its global capital markets report, a total of $14.56b (US$11.1b) has been invested in Singapore in 2017, 18.09% higher than $12.33b (US$9.4b) in 2016.

Singapore rounded off the strong year for the region, along with South Korea and Australia.

London went back up to the top as its investment volume surged to $43.03b (US$32.8b). It was followed by Los Angeles and New York with investments worth $30.04b (US$22.9b) and $27.42b (US$20.9b), respectively.

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