Knight Frank global head of capital markets Neil Brookes says many private offices and government-linked companies (GLCs) in Singapore retain significant equity ready to be deployed. The wider market dislocation caused by rapidly increased borrowing costs creates opportunities for all equity investors to deploy capital while many other institutional investors are sitting on the sidelines, he adds.
Singapore has emerged as the primary source of Asia Pacific real estate investments YTD, surpassing the US for the first time, according to a report by Knight Frank.
Knight Frank's 3Q2023 Asia Pacific Capital Markets research found that Singapore investors injected nearly US$8.5 billion into Asia Pacific real estate, surpassing the US’s cross-border investment value by nearly 50%.
