Singapore investors prefer mature markets

Posted on 7 Nov 2014 | Comments Off on Singapore investors prefer mature markets

Government policies to cool the real estate markets in recent years has prompted Singapore investors to venture overseas in search for better yields and diversification.

According to the latest Global Investor Sentiment Survey for 2015 by Colliers International, the top three outbound investment destinations for Singapore investors from October 2013 to 2014 were London, Sydney and Tokyo.

Top-10-Outbound-Investment-Destinations-for-Singapore-Investors-Oct-13-to14

Terence Tang, Colliers International’s Managing Director of Capital Markets & Investment Services in Asia, said, “The results are not surprising, as most Singapore investors tend to be more risk averse when investing overseas. Although they seek relatively higher returns, Singapore investors also prefer investments providing them with stable income; therefore, they prefer to invest in mature markets that offer the risk/return profile investments that they are unable to get back home.”

In fact, Singapore has emerged as the top Asian country investing in Australia, China and the United Kingdom.

Top-5-Countries-Investing-into-Australia-Mainland-China-and-the-United-Kingdom-Oct-13-to-14

Nonetheless, Singapore remains an attractive investment destination for both local and global investors, particularly those who can take a longer-term view of the market, Tang added.

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Posted in Overseas Property, Property Market / Real Estate

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Singapore’s poorest households are overspending

Posted on 7 Nov 2014 | Comments Off on Singapore’s poorest households are overspending

Low-income households in Singapore are spending more than what they earn, according to results of the Household Expenditure Survey 2012/13.

Responding to a parliamentary query from Mr Gerald Giam, Trade and Industry Minister Lim Hng Kiang shared that the average expenditure of the poorest 10 percent of households was $1,844 a month, $801 more than their average monthly income of $1,043.

“About 55 percent of their income was derived from work, while the remaining 45 percent was from non-work income sources such as investment income and regular transfers from the Government.

“The stronger reliance on non-work income by these households could be attributed to the fact that around one-third of the households in this group were retiree households,” the Minister added.

The survey results also showed that more than eight out of ten low-income households here owned homes.

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