28 May '11, 2am

S'pore still hot for property investment

Singapore's office, retail and industrial property markets were still "hot" prospects for investment in the first quarter, according to the latest Money into Property report released by DTZ. "This is similar to the Q4 2010 findings, as we expect continued price and rental increases based on Singapore's projected economic growth in 2011 and over the next few years," said Chua Chor Hoon, DTZ's Senior Research Director for South East Asia. "The Singapore office market is ranked among the top five in the 'hot' category among Asia-Pacific cities covered in this study. Capital values are expected to re-price at a faster rate in 2011 compared with 2010 with growing interest from institutional investors." Asia-Pacific scored 65 in the recent Q1 2011 DTZ Fair Value Index (FVI), an indicator of investment opportunities in the office, retail and industrial real estate markets. The ma...

Full article: http://sg.news.yahoo.com/spore-still-hot-property-investm...

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