Cross-border investors pour US$1.49 bil into land and development projects in Singapore in 2024: Colliers
According to Colliers’ Global Capital Flows report, Singapore placed as the 2nd most alluring cross-border place for property and development investments in 2024, with US$ 1.49 billion ($1.99 billion) bought the local real estate market.
Over 2 years in the Asia Pacific area, five real property sectors reeled in the most interest from investors, led by the office sector that accumulated US$ 57 billion, complied with by industrial assets (US$ 55 billion), retail (US$ 37 billion), multifamily real estates (US$ 17 billion), and hospitality (US$ 15 billion).
“As a worldwide resources centre, Asia Pacific’s different financial investment appeal is undeniable,” states Chris Pilgrim, Colliers managing executive of Global Capital Markets, Asia Pacific. The region’s strategic position and increasing effect underscore its pivotal function in defining the international investment landscape, he says.
This year, revenue spreads across all areas globally are expected to align to comparable levels, that will allow the broader development of domestic and cross-border capital, states Pilgrim. Property markets in Europe, the Middle East and Africa (EMEA), along with the Asia Pacific zone, can be the major recipients of a growth in global cross-border investment event amid a stronger US dollar this year.
China remains the leading location for cross-border real estate venture, with US$ 29.1 billion pouring into the nation in 2024. On the other hand, Germany and Australia took 3rd and fourth place in the international rankings, specifically, with US$ 1.02 billion and US$ 1.01 billion in investments.
“Singapore’s strategic positioning and robust investment demand have actually solidified its status as a global capital hub,” says Bastiaan van Beijsterveldt, managing director at Colliers Singapore. “As we navigate 2025, Singapore remains a beacon for financiers seeking development and stability in the vibrant Asia Pacific region”.
The US was the leading source of cross-border property financial investment capital, contributing US$ 48.48 billion, followed by Canada and the UK at US$ 19.7 billion and US$ 10.78 billion, respectively.
Along with being a top destination for capital spending, Singapore-based investment firms were the 4th greatest resource of cross-border capital flow into other property markets, with a total outflow of US$ 8.9 billion in 2024.
