Foreign investment in Singapore property triples in Q2
Cross-border capital accounted for 58.1% of total investment volume.
Singapore property cross-border investment volumes reached $3.84b (US$3b) in the second quarter of 2026, tripling that of the same period last year, a report from Knight Frank said.
Cross-border capital accounted for 58.1% of total investment volume, led by IOI Properties Group's $2.43b (US$1.9b) acquisition of Asia Square Tower 2 from CICT. Knight Frank said the transaction underscores continued appeal in the city's prime CBD office market, where stable recurring income and a constrained development pipeline support defensive capital demand.
Meanwhile, the hotel sector also drew active international investor interest, recording $518.67m (US$405m) in transaction volume in Q2 2026, up 15.4% from a year earlier.
“Singapore's tightly held hotel stock continues to constrain supply, making any asset that reaches the market a keenly contested one,” Knight Frank said.
The largest transaction for the quarter was Orchid Hotel, sold for $273.55m (US$213.6m) to a joint venture between Master Contract and Westmont Hospitality Group.
Meanwhile, Asia-Pacific commercial real estate investment surged 31.1% in Q2. Activity, however, declined 22.5% from a record first quarter, signalling a normalisation from an exceptional start to the year rather than a reversal in the regional recovery.