Hong Kong trumps Singapore in number of Chinese investors

They beat us by $81m.

Singapore has emerged as the second most-preferred outbound destination in Asia by mainland Chinese investors, who are forced to park their money overseas due to slowing real estate market back home, according to Cushman & Wakefield and reported in the media.

The property consultancy also attributed the current capital outflow to abundant liquidity among wealthy investors, investment institutions and developers as well as the strong renminbi.

Notably, the Chinese injected US$3.23 billion (S$4.18 billion) into Singapore's real estate market from 2008 to June 2014. Of these, 50 percent was spent on development sites while 23.8 percent went on retail assets, it said in a report.

Meanwhile, mainland Chinese investors pumped US$3.84 billion (S$4.99 billion) into Hong Kong over the same period.

The report noted Chinese investors spent a total amount of US$33.7 billion (S$43.78 billion) on 353 deals from January 2008 to June 2014, with greenfield investment as well as mergers and acquisitions being the most popular investment models.

View the full report here.

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