News Formal

Singapore beats out Hong Kong for property investment prospects

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SINGAPORE (BLOOMBERG) - The fortunes of two of Asia's hottest property markets are diverging.. Read more at straitstimes.com.

Singapore is now ranked No 1 for real estate investment prospects in terms of price increases in 2020. Hong Kong, buffeted by months of violent anti-government protests, has plunged to the bottom of the list from 14th place in 2019.

Over the past few quarters, apartment prices have rebounded in Singapore, signaling resilience in the residential market, while the office sector has largely absorbed the oversupply. Australia also registered a rise, with deals increasing 3 per cent to almost US$12 billion. More broadly, capital inflows into property from the US and Europe to Asia Pacific dropped amid trade war concerns, touching the lowest since 2012 in the second quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks drop as Hong Kong violence rattles investorsShares around the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »