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Singapore beats out Hong Kong for property investment prospects

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Singapore beats out HongKong for property investment prospects

Singapore was also one of the few markets regionally to see a jump in property transactions in the first half, with most activity driven by cross-border capital. Deals totaled US$4.9 billion in the period, up 73 per cent year-on-year, the report found.

Hong Kong's plunge to the least-favored real estate investment destination next year comes as the city's tourism and retail sectors take a battering, impacting economic growth.

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