It’s always a challenge for investors to find the exact bottom of the market, with the risk being they miss the boat.
Overseas buyers make the most of currency swings
Some overseas investors — particularly from the Middle East and Asia — have identified a buying opportunity. Private investors and corporates are seeking to make the most of currency shifts.
There are some Chinese investors in the market as well as Middle Eastern players. If you’re a long-term private investor, intending to make a strategic investment, that’s looking 10 per cent cheaper in currency terms.”
Despite the limited commercial and residential stock available, there will be more high-grade properties are put up for sale once the market stabilises.
Prime properties are continued to attract bidders especially from those long-term investors who see prime real estate yields remain attractive.
