Things may be looking up for Singapore next year, in the real estate market. Asian property investors are looking forward to the market picking up in 2013, and that means they might be looking for new areas to put their money. Up to 70 per cent of investors have indicated an interest in expanding their property portfolio within the region. They are looking for 20 per cent or more in returns, according to the Colliers 2013 Global Investor Sentiment survey.
Singapore, together with Shanghai, Hong Kong, Tokyo and Beijing, will benefit from this renewed interest in Asia. Though it is uncertain if they are only looking at office developments, the residential market may benefit as well as previous reports have put the luxury property market at a lull. Depending on whether new cooling measures will be rolled out and how they may affect residential investors, there is still a possibility that investors are eyeing both commercial and residential properties.
It is interesting to note that issues once considered determining factors in investment are not necessarily top priorities. The euro zone crisis, and United States and China elections are not rated top in the investors’ checklist. As long as they consider real estate a good hedge against inflation, the money for high-end properties with good potential in a major Asian city will keep coming.