29 Sep '14, 4am

#Singapore top investor in Australian property: #CREResearch

Singapore is the top investor in Australian property 12% of Asian outbound capital directed to Australia in 2013-14 Singapore- 26 September 2014 Australia’s commercial property sector is expected to remain a magnet for foreign capital in the next 12-18 months, according to a new CBRE special report focused on the country’s rise in prominence as an investment destination. The report highlights that Australia has represented 5% of global property turnover in the past three years - an above average share of activity and well above the country’s GDP weighting of 2%. This had been driven to a large extent by foreign capital, with Australia attracting more cross border investment than any other Asia Pacific market between 2012 and 2014. CBRE’s report Capital Attraction: the rise of Australia as an investment destination highlights that stronger economic growth, perceptions of lo...

Full article: http://www.cbre.com.sg/aboutus/mediacentre/mediaarchives/...

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