Singapore Surpasses China To Become Largest Asian Investor In US Real Estate

Singapore has surpassed China as the leading Asian investor in the United States real estate market.  This is the first time that Singapore has outspent China since 2012 with respect to U.S. real estate.  A report co-authored by  Real Capital Analytics and Cushman & Wakefield show investors from Singapore spent  $9.5 billion on U.S. properties, while Chinese investors $5.9 billion.  This was a decrease in investment from China at 66% according to Bloomberg.
The level of investment from Singapore will continue to remain strong.  According Cushman &

Wakefield's executive director for capital markets for Asia Pacific Priyaranjan Kumar “We expect Singapore to continue to be the single largest source of Asian investments in the U.S. real estate markets”

Sovereign wealth fund GIC Pte accounted for 75% of the $9.5 billion of Singaporean purchases, investing in properties including 60 Wall Street in Manhattan for $1.1 billion.  Commercial real estate investment by Singapore worldwide increased to $28.4 billion and their investments in the United States is ranked third worldwide lead by Canada as the top investor and France.

China's slowing of investments in  the U.S. real estate market may be attributed to governmental restrictions set forth in late July 2o17.  Their governmental agencies released a revised list on restricted and permitted international investments.  In short, China placed real estate transactions valuing over $1 million in a restricted category. This would put additional governmental scrutiny into the transactions.  The time for the transactions to be approved would be delayed and would therefore curtail investors' ability to invest in real estate.

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