Rapid rise in overseas property launches here
Dec 2, 2013 – PropertyGuru.com.sg
In a bid to lure buyers and investors from Singapore, foreign developers are flying in every other weekend to showcase new projects, media reports revealed.
This year alone, about 107 London projects including student accommodation property have been brought here to be sold by several real estate agencies, noted Lee Lay Keng, Research Head at DTZ Singapore.
Data from property consultancy Colliers International indicates that an increasing number of Singapore investors have been purchasing properties in London over the last 12 months, up 25 percent from the previous year.
It is “hard to track the number of different launches in Singapore but we have certainly seen an increase in the number of launches this year compared with last year”, added Julian Sedgwick of Savills Singapore.
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