Thanks to a narrowing price gap.
The battered luxury residential market has emerged on the radars of long-term investors this year, as transaction volumes fall and sellers become more amenable to reducing prices.
A study released by Colliers revealed that the recommended investment opportunity in Singapore lies in the residential sector; particularly, high-end luxury apartments.
“On the back that transaction volumes are continuously falling and the inventory of apartment units are building up, the price gap between buyers and sellers is narrowing. Given the correction in high-end residential prices, this asset class may begin to look attractive for the longer-term investors,” stated the report.
Colliers’ report noted that Asia is expected to witness a rising tide of both outbound and inbound real estate capital flows in 2015.
The flow of real estate investment out of Asia is set to increase 61 per cent from US$46 billion seen in 2014, while inbound capital flow is forecast to witness an exceptional growth of 102 per cent from US$13.2 billion in 2014.
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