SG one of the top sources and destinations of capitals

The city-state ranked second in capital destinations for land developments.

Singapore is the world’s second-biggest source of global cross-border capital, with over $14.3b (US$11b) of capital invested coming from the city, according to a report by Colliers.

Globally, the United States retained the top spot as the largest source of global cross-border capital, with over $42.5b (US$32.6b). Canada was the third largest source, with over $12.3b (US$9.4b) invested. Hong Kong and the United Kingdom came fourth and fifth with $10.7b (US$8.2b) and $8.5b(US$6.5b), respectively.

In the global cross-border capital destinations for land developments, Singapore ranked second with a total of $2.5b (US$1.9b) cross-border capital.

Other key countries in the region include China at number one with a total of $46.9b (US$36b) capital, India, Australia, Vietnam, Malaysia and Japan.

$1=US$0.77

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