Singaporean investors led the region in overseas real estate investments in 2014 with 11.9 billion USD worth of properties, surpassing its 9.4 billion USD in 2013, according to a report released by property serevices firm CBRE.

This was the second year in a row Singapore registered as the top source of outbound capital.

According to a CBRE report, Asia’s outbound real estate investment hit a record 40 billion USD in 2014, up 23 percent in the last year.

Ada Choi, Senior Director for CBRE Research Asia noted that Singaporean investors looked offshore due to compressed yields in their home market and a shortage of investable assets.-VNA