Singapore bought overseas properties worth $20.62b in 2017

It ranked as the second most active buyer and overtook Hong Kong.

Capital outflows from Singapore have grown consistently in recent years, from just $11.11b (US$8.4b) in 2014 to $20.62b (US$15.6b) in 2017, JLL revealed.

According to its global capital markets report, the city state took the second spot for the most active cross-border real estate buyers and overtook Hong Kong. However, it trailed behind China.

Hong Kong's real estate purchases more than doubled since 2016 to around $20.36b (US$15.4b).

Meanwhile, China became the most active buyer of real estate for the first time, as its capital flows soared 30% to $38.21b (US$28.9b).

Buyers from Singapore, along with those in China, Hong Kong, South Korea, and Thailand represented 96% of the $50.24b (US$38b) that Asian investors exported to Europe. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.