Singapore Surpasses China as Largest Asian Investor in U.S. CRE

China is no longer the biggest Asian investor in U.S. commercial real estate. Last year, Singapore took over the top slot, according to research by Real Capital Analytics (RCA) and Cushman & Wakefield.

It marks the first time since 2012 that China was outspent by the city, and largely reflects the regulatory changes mandated by the Chinese government. The crackdown caused China’s deal volume to plunge 66% to $5.9 million.

Singapore’s global investments in commercial real estate rose by roughly 40% to $28.4 billion in 2017. CBRE anticipates a similar trend will occur this year, as Singapore’s institutional investors continue diversifying abroad and China maintains capital controls.

Nearly three-quarters of the $9.5 billion in Singaporean CRE activity was driven by sovereign wealth fund GIC Pte, which acquired such properties as 60 Wall Street in New York, as well as a student housing portfolio.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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Singapore Surpasses China as Largest Asian Investor in U.S. CRE

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Singapore Surpasses China as Largest Asian Investor in U.S. CRE

Inside The Story

About Dennis Kaiser