Singapore Emerges As Top Source Of Global Capital In 1H2023
Based on research compiled by Colliers, Singapore has emerged as the biggest source of capital deployed for real estate investments in 1H2023. In a September report by the consultancy on global capital market flows, Singapore was ranked the top source of global capital, with cross-border investments worth US$21.8 billion ($29.9 billion) registered in 1H2023. The city-state represents around a quarter of the total capital deployed globally during the year's first half. The US, which ranked second, had US$15.85 billion in cross-border investments in 1H2023, or 18% of the total. Canada came in third place, with US$7.24 billion or 8% of the total. Among Asia Pacific (Apac) countries, Hong Kong and Japan also dominated the list of cross-border capital sources. The former ranked fourth with investments totalling US$6.51 billion in 1H2023, while the latter ranked fifth with US$5.15 billion. Chris Pilgrim, managing director for global capital markets, Asia Pacific at Colliers, notes that the US and the UK are among the countries that have attracted capital from Apac. Apac countries also ranked highly among global investment destinations, with Japan, China and Australia ranking within the top ten, along with Singapore.
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