According to the report, according to the latest data from Real Capital Analytics and dtz, for the first time since 20 12, Singaporean buyers have invested more in American commercial real estate than China investors. This means that Singapore surpassed China last year to become the largest American commercial real estate investor in Asia.

Due to the strict control of capital outflow by China regulators, China buyers' investment in commercial real estate in the United States fell by 66% to $5.9 billion that year.

Singapore has surpassed Chinese mainland and Hongkong.

Priyaranjan Kumar, executive director of Asia Pacific Capital Markets in dtz, said: "We expect that Singapore will remain the largest source of Asian investment in the US real estate market." . He also said that funds may flow to data centers, student apartments and logistics. Last year, Singaporean investors bought and invested $9.5 billion in American real estate.

Singapore's sovereign wealth fund GIC Pte has invested nearly three-quarters of the total, including 60 Wall Street, where Deutsche Bank is headquartered in Manhattan, and the student apartment portfolio.

Yvonne Siew Wanchang, executive director of the Asia-Pacific capital consulting business of CB Richard Ellis, a real estate company, said that the company expects a similar trend in 20 18, with Singaporean institutional investors focusing on overseas to diversify their investments, while China's capital controls will not be lifted.