The Business Times | 13 June 2013
[SINGAPORE] South-east Asia may offer new and potentially lucrative investment property options for Singapore investors, but market watchers are calling for a clear mind when venturing into these new grounds.
Excluding the interest in the already-buoyant Malaysian property market, industry players The Business Times spoke to have observed that Singaporeans are looking to the region for investment properties; overseas developers are targeting Singapore buyers as well.
Excluding the interest in the already-buoyant Malaysian property market, industry players The Business Times spoke to have observed that Singaporeans are looking to the region for investment properties; overseas developers are targeting Singapore buyers as well.
| Bullish: Myanmar nationals in Singapore alone bought more than 40 units in two Myanmar projects that OrangeTee marketed last October, an indication of the confidence that they have in their homeland, said OrangeTee. - PHOTO: ORANGETEE | Reasons for this upswing of interest are fairly plain. Tim Murphy, CEO and founder of property investment company IP Global said: "Obviously, it's no secret the amount of wealth that exists in Singapore." |
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