INTERNATIONAL - Property exhibitions in Singapore, Kuala Lumpur and Hong Kong are becoming a business hotspot for London property buyers, according to research by CB Richard Ellis (CBRE).
The research firm revealed more than US$1.28bn worth of property was sold at exhibitions in the three cities last year.
“Although a good proportion of Far East investment still traditionally flows through London-based estate agents, this has been largely superseded by the role of exhibitions in Hong Kong, Singapore and Kuala Lumpur,” said CBRE’s head of residential research for the UK Jennet Siebrits.
Singapore Expo chairman Bob Tan said the prospect for the Asia Pacific exhibition industry looks promising for 2011.
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