High investor interest boosts Singapore real estate

Savills’ latest Resilient Cities Index has ranked Singapore 3rd in real estate investment, placing it just behind Los Angeles and ahead of Tokyo. The city's strong performance comes at a time when global investment volumes have dropped by approximately 48%, making Singapore a standout destination for international investors.

The number of international visitors to Singapore doubled to 13.6 million last year, and further increases are expected in 2024. This influx of tourists supports the retail and hospitality sectors, further enhancing the city’s appeal to investors. Climate change poses another major challenge, with cities needing to combat urban heat, flooding, wildfires, and extreme weather. Tostevin highlighted the importance of learning from best practices globally and implementing policies and infrastructure to mitigate these risks.

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