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SG Asia is top for property investments: expert

Property Here - Friday, July 19, 2013

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Asia is the world's top destination for property investments, according to Cushman & Wakefield’s Executive Chairman Carlo Sant’Albano.

“Interest in real estate is absolutely as high as we have ever seen,” he said in an interview in Tokyo. “When you look at the growth profile of the world in the next several years, Asia remains an absolutely critical path for growth.”

The New York-based property broker revealed that the region accounted for 47 percent of global property transactions last year. Estimates show that global real estate investment volume would surpass US$1 trillion (S$1.26 trillion) this year, the highest since 2007.

“If you want growth, Asia is the place you want to come,” said Sant’Albano. 

“If you want a very solid core investment, maybe more yield related rather than capital gain, you would look at Japan, London and Australia, and some of the major cities around the world.”



Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@allproperty.com.sg