Deals

Singapore Overtakes China as Largest Asian Investor in U.S. Property

Singapore leads because of sovereign wealth fund’s purchases
City-state may keep investing after deals such as 60 Wall St

Bloomberg’s Sree Vidya Bhaktavatsalam reports on Asian demand for U.S. commercial property.(Source: Bloomberg)

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By Pooja Thakur Mahrotri

January 28, 2018 at 9:00 PM UTC

This article is for subscribers only.

Singapore ousted China to become the biggest Asian investor in U.S. commercial property last year.

It was the first time since 2012 that the city outspent China, according to data from Real Capital Analytics and Cushman & Wakefield Inc. Deals by Chinese investors plunged 66 percent to $5.9 billion as regulators cracked down on capital outflows.