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2 Mar12:02 PM

SINGAPORE was the top Asian investor in real estate in 2014 with US$11.9 billion worth of properties acquired across the world, said CBRE Research, adding that this was an increase from 2013.

Asian outbound real estate investment hit a record year of US$40 billion, an increase of 23 per cent year-on-year, it said on Monday.

Ada Choi, senior director for CBRE Research Asia, noted that outbound investment for 2014 surpassed 2013, the second year in a row that the region has reached a record high.

Read more: Singapore leads Asia in real estate investment in 2014: CBRE report

Read full CBRE report: APAC Real Estate Markets Outlook 2015 Report

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