Singaporeans warned over excessive overseas property purchases

Residents are twice as likely to hold properties abroad.

The tight residential property is causing more Singaporeans to purchase overseas properties. However, the Monetary Authority Singapore warned that the rise in overseas property investments could expose investors to foreign exchange risks.

“There has also been increased interest in foreign property purchases, which could expose investors to foreign exchange and interest rate risks, as well as other risks arising from unfamiliarity with overseas property markets,” the MAS stated.

According to a report by Blackrock, Singaporeans demonstrate less of a home bias than other Asian markets, holding more foreign assets in both property and equities. 

“They are more than twice as likely to hold overseas investment property than the average investor in Asia. There is some uncertainty and mixed sentiment on the performance of the property market relative to other asset classes. This may be a reflection of recent government interventions to cool the domestic property market,” noted Blackrock
 

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.