About $33.2b set to flow into SG’s living sector
It ranked as the third most-preferred investment destination in APAC.
Singapore ranked third amongst Asia Pacific's preferred Living investment destinations, with investors set to deploy an estimated $33.2b into the sector over the next five years, according to a Cushman & Wakefield survey.
It was driven largely by domestic investors as 85% plan to increase Living investment over the period, with none expecting to cut allocations.
Across APAC, co-living ranked as the second most targeted Living segment, ahead of purpose-built student accommodation.
“This is a trend the survey ties directly to Singapore's affordability pressures and demand for flexible rental housing,” the report said.
Accordingly, 3% of respondents said they are actively considering repositioning or change-of-use strategies, with office and hotel conversions gaining traction as a route to new Living stock.
More than half of respondents also indicated a preference for managing Living portfolios through local specialist partners.