06 Dec '11, 12am

Singapore still top market for property investments: Survey

Singapore still top market for property investments: Survey

Singapore is regarded as the region's most favourable market for commercial real estate next year despite a gloomy global economic outlook, according to a new report. -- ST PHOTO: ALPHONSUS CHERN By Esther Teo, Property Reporter Singapore is regarded as the region's most favourable market for commercial real estate next year despite a gloomy global economic outlook, according to a new report. It also noted that development capital here remains healthy, indicating continued investor confidence. '(Its top position is) largely due to the city's continued transformation into a truly global city with a burgeoning asset and wealth management sector,' the report added. Singapore retains its popularity due to its 'strong connections to the global economy, good governance and rational and relatively transparent development processes', said Mr Patrick Phillips, chief executive of th...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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