Singapore has ranked as the top and become the most magnificent source of capital outflow for property investments in 1H2K23, a compilation report prepared by Colliers revealed. In a summary report in September by the real estate consultancy on global capital market flows, Singapore top the list as the number one source of global capital, with cross-border investments amounting to US$21.8 billion ($29.9 billion) recorded in 1H2K23. The city-state represents around a quarter of the total capital deployed globally during the year’s first half. The US, which is the first runner-up had US$15.85 billion in cross-border investments in 1H2K23, or eighteen of the total. Canada ranked in third place, with US$7.24 billion or eighteen of the total. “Singapore is an established and magnificent global property investor and constantly to fire up on investments post-pandemic with its hunter instinct seeking growth and diversification opportunities in more markets and new asset classes to pursue greater yield leveraging different capital sources and its stronger currency,” says Tang Wei Leng, Colliers Singapore’s managing director and head of capital markets and investment services. Hong Kong and Japan, Among Asia Pacific (Apac) countries, also charted the leadership board on the list of cross-border capital sources. Ranked third runner-up with investments totalling US$6.51 billion in 1H2K23, while the latter ranked fifth with US$5.15 billion. Chris Pilgrim, managing director for global capital markets, Asia Pacific at Colliers, notes that the US and the UK are among the countries that have engaged capital from Apac. “Apac real estate investors are cash rich, and those who are volatile and nimble have been able to cast wider their strategies, targeting growth sectors and geographies within real estate asset classes such as healthcare, senior living and student lodging,” he adds. Apac countries also ranked highly among global investment hotspot, with Japan, China and Australia charting the board within the top ten, along with Singapore.