10/8/2014 3:47:08 PM
|written By : Team India Se|
Singapore is longer amongst the Top 20 real estate markets according to a recent report by property consultancy firm Cushman & Wakefield (C&W).
It said that the global property investment market grew to $788 billion in the year ending June 2014, with New York occupying the top spot followed by London, Los Angeles, San Francisco, Paris, Chicago, Washington DC, Dallas and Hong Kong.
Meanwhile Singapore, Moscow, Seoul and Toronto were ousted from the top 20 by Shanghai, Beijing, Miami and Stockholm, but these moves, the report said were “relatively small".
It added that Singapore, as a core gateway market, is one of the cities that will "deliver steady growth thanks to constrained pipelines and firming demand".