Developers in Singapore have tripled investment abroad as they look to boost returns in the face of struggling sales at home.
Companies invested $2.32 billion in overseas property markets in the nine months to the end of September, data from research firm Real Capital Analytics Inc. shows. That’s a threefold increase from the year-earlier period and the most in at least eight years, it says.
The move comes against a backdrop of falling residential property prices in Singapore, as the government takes measures to curb property values.
http://www.bloomberg.com/news/2014-11-30/singapore-firms-buying-new-york-to-tokyo-as-curbs-bite.html
