According to a recent report by Urban Land Institute and PwC on property trends in the region, Singapore ranked No. 1 for 2020 real estate investment prospect.
The report noted that Singapore is experiencing increased interest among investors that are avoiding Hong Kong and China, due to the recent unrest. Apartment prices in Singapore have rebounded in the past few quarters, and the office sector has also shown an improvement.
Regionally, in the first half of 2019, Singapore was also one of the few markets to experience a substantial increase in property transactions – up 73 per cent vs 2018. The report also noted that most of the activities were driven by overseas investment.
Ho Chi Minh City, Bangkok, Singapore, Shenzhen and Sydney are the top five favourite for 2020 residential investment.
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