Authors: Lay Cheng Lim, Alastair Adair and Stanley McGreal

Start Page: 263
End Page:278
Volume:10
Issue Number: 02
Year: 2002
Publication: Journal of Real Estate Literature

   
Abstract: The free flow of trade and investment is an important feature of Singapore’s economy. The inflow of foreign investment has contributed significantly to the rate of development, with the real estate sector playing a distinct role in enhancing Singapore’s status and in attracting multi-national companies to establish their regional headquarters. Singapore’s Land Sales Program has played a significant role in this process, the analysis of which provides a basis for tracking sources and volumes of investment flows into the Singapore property market. Using capital contributions from shareholders of property companies active in the Land Sales Program, this study examines the origin and magnitude of Foreign Direct Investment (FDI) flows into the Singapore real estate market. The analysis indicates that there is a low level of capital flows from Europe and North America to the Southeast Asia region whereas Asian investors play an important role in terms of foreign investment flows into the Singapore real estate market.