{"id":104678,"date":"2021-01-21T04:05:11","date_gmt":"2021-01-21T04:05:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=104678"},"modified":"2021-01-21T04:05:11","modified_gmt":"2021-01-21T04:05:11","slug":"spore-is-second-favourite-city-in-asia-for-investors","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/spore-is-second-favourite-city-in-asia-for-investors\/","title":{"rendered":"S'pore is second favourite city in Asia for investors"},"content":{"rendered":"

Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, a study noted yesterday.<\/p>\n

Known as the CBRE 2021 Asia Pacific Investor Intentions Survey, it cited logistics as the most popular sector for investors while interest in the office sector has weakened.<\/p>\n

The findings come as the Economic Development Board reported that Singapore attracted about $17.2 billion in fixed asset investments last year amid the pandemic.<\/p>\n

“Singapore remains an important hub for foreign corporations looking to access South-east Asia,” said Mr Desmond Sim, head of research for South-east Asia at CBRE, a global commercial real estate services company which commissioned the survey.<\/p>\n

“Although the central business district rents declined in 2020, rents are forecast to display growth over the next three years, supported by low vacancy and strong demand.<\/p>\n

“In fact, we expect office demand in 2021 to be fuelled by Chinese technology firms and non-bank financial services firms such as investment managers and hedge funds,” he added.<\/p>\n

The report noted that Singapore is emerging as a viable alternative to Hong Kong among companies establishing Asia-Pacific headquarters.<\/p>\n

Tokyo topped the study due to the availability of high-quality assets and strong liquidity.<\/p>\n

Seoul came in third, followed by Shanghai and Ho Chi Minh City.<\/p>\n

The survey polled 492 investors, who were mainly based in Asia-Pacific, between Nov 9 and Dec 14 last year.<\/p>\n

Respondents were asked about their buying appetite and preferred strategies, sectors and markets for this year.<\/p>\n

<\/p>\n

The study revealed that there was broad-based improvement in market sentiment, with 60 per cent of investors intending to buy more real estate, the highest level since 2016.<\/p>\n

“The recent commencement of vaccination programmes in several countries around the world has further boosted market confidence,” it noted.<\/p>\n

But interest in the office sector, which used to be the most popular for investors, dipped with the rising adoption of remote working.<\/p>\n

Demand for retail and hotels also remained soft, the report added. However, some opportunistic investors are still considering hotels as counter-cyclical plays, particularly in countries with strong domestic tourist markets such as Australia and Japan.<\/p>\n

More on this topic<\/h2>\n

Meanwhile, logistics came up tops as the most popular sector for investment, as the pandemic drove the acceleration of e-commerce, boosting demand for this asset class, the report said.<\/p>\n

Investors were also more interested in data centres, as demand surged for video conferencing and other platforms to support remote working. This has led to increasing requirements for data storage.<\/p>\n

The report added that there was a growing number of investors including environmental, social and corporate governance (ESG) criteria in their decision-making.<\/p>\n

“Nearly half of respondents, most of which came from Singapore, Australia and western markets, stated that they had already adopted ESG criteria in their investment strategies,” it noted.<\/p>\n

More on this topic<\/h2>\n

Join ST’s Telegram channel here and get the latest breaking news delivered to you.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, a study noted yesterday. Known as the CBRE 2021 Asia Pacific […]<\/p>\n","protected":false},"author":3,"featured_media":104677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"\nS'pore is second favourite city in Asia for investors - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/economy\/spore-is-second-favourite-city-in-asia-for-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S'pore is second favourite city in Asia for investors - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Singapore is the second most preferred city in Asia-Pacific for cross-border investments this year, a study noted yesterday. 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