Dec 3, 2009
Rich S'poreans like property
<!-- by line -->By Joyce Teo, Property Correspondent
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Singapore's wealthy see real estate as a better long-term solution, but Barclays' experts feelthese people need a better balance. -- PHOTO: THE NEW PAPER
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WEALTHY investors in Singapore are so keen on putting their millions into pro-perty investments that even giant bank Barclays is urging caution.
A survey by Barclays Wealth has found that Singapore's high net worth individuals are more bullish on the future of the property market than a lot of their counterparts across the globe.
It has also determined that more women than men believe bricks and mortar make a less risky investment than equities. These investors - their assets range from $1 million to more than $30 million - place about a quarter of their wealth into property, and this is expected to hit 28 per cent over the next two years.
The reason is clear: Singapore's wealthy see real estate as a better long-term solution, but Barclays' experts feelthese people need a better balance.
The survey polled more than 2,000 high net worth individuals around the globe, including 125 in Singapore, in August and September. It was commissioned by Barclays Wealth and written by the Economist Intelligence Unit.
It shows that Singapore, Canada and India have a larger number of investors than elsewhere who expect a rise in the value of their property investments over the next two years.
Read the full story in Friday's edition of The Straits Times.
Rich S'poreans like property
<!-- by line -->By Joyce Teo, Property Correspondent
<!-- end by line -->
<!-- end left side bar -->
<!-- story content : start -->
WEALTHY investors in Singapore are so keen on putting their millions into pro-perty investments that even giant bank Barclays is urging caution.
A survey by Barclays Wealth has found that Singapore's high net worth individuals are more bullish on the future of the property market than a lot of their counterparts across the globe.
It has also determined that more women than men believe bricks and mortar make a less risky investment than equities. These investors - their assets range from $1 million to more than $30 million - place about a quarter of their wealth into property, and this is expected to hit 28 per cent over the next two years.
The reason is clear: Singapore's wealthy see real estate as a better long-term solution, but Barclays' experts feelthese people need a better balance.
The survey polled more than 2,000 high net worth individuals around the globe, including 125 in Singapore, in August and September. It was commissioned by Barclays Wealth and written by the Economist Intelligence Unit.
It shows that Singapore, Canada and India have a larger number of investors than elsewhere who expect a rise in the value of their property investments over the next two years.
Read the full story in Friday's edition of The Straits Times.
