Asian property buyers to invest more overseas

Hong Kong, the Chinese mainland and Singapore have been the region's biggest buyers in real estate outside Asia, and they will remain key sources in the next few years as they seek to invest more funds overseas.

Asian buyers have invested more than US$30 billion elsewhere in the world last year from just US$1 billion at the beginning of the century, global real estate advisor Colliers International said in its latest white paper, Riding the Next Wave of Asian Buying Spree.

The increase in the outbound investments is due to rising global liquidity, higher yields available in the recovering US and European markets which boost growth potential and the appeal of real estate assets in prime gateway cities of the US, Europe and Australia, the white paper said.