According to the Emerging Trends in Real Estate Asia Pacific 2019, the lion city Singapore is holding 2nd position in the real estate investment market. The city continues to overcome from periodic lows of a couple of years ago. On the other hand, Hong Kong plunged to the bottom of the ranking. Since the past few years, apartment prices have recovered in Singapore, indicating flexibility in the residential market, while the office sector has largely absorbed the oversupply.
Previously, in the year 2017, the outlook reports stated that the city had ranked 21st place for investment prospects. However, in the year 2018, Singapore jumped to third place. Since then, the interest in the southeast Asian financial centre has ignited. Further, in 2019 the city raised continually by the support of investors steering clear of the troubled mainland China and Hong Kong markets. In the first six months, the cross-border investors led a 73% year-on-year hike in the transaction, totalling $4.9 billion. Thus, Singapore reflects the city-state’s rebound from a slump across all property sectors. At present according to an Urban Land Institute and PricewaterhouseCoopers report in the year 2020, Singapore is holding 1st position for real estate investment prospects with respect to the price hike.
