Property investors favour Singapore, Hong Kong markets

November 9, 2010

Singapore and Hong Kong have emerged as the top two preferred property investment markets in Asia.

That’s according to property consultant Colliers International’s “Global Investor Sentiment Survey” for the third quarter of this year.

The survey found 70 per cent of the investors are only interested in their own domestic market when looking to expand their real-estate portfolio.

The remaining 30 per cent of investors who are prepared to venture outside their local markets indicated Singapore and Hong Kong as their top targets.

Singapore, Hong Kong and Shanghai are also the most-preferred hot spots for Asian investors looking to purchase office space over the next 12 months.

Colliers said the strong interest in Singapore is no surprise, given the stable economy and conducive business environment here.

The survey points out that in the third quarter, investors gave a strong signal of their rising confidence in the mid-term prospects for commercial properties here.

Another finding from the survey was that there’s growing optimism in the global real-estate market.

Three out of five investors worldwide indicated they are looking to expand their real-estate portfolios in the next 12 months.

Some 200 institutional and private investors worldwide, with a combined investment portfolio of about US$710 billion, took part in the survey, which was conducted in August and September.

Source : Channel NewsAsia – 9 Nov 2010