Real estate acquisitions in Singapore rocketed 30% to US$6.8b

Energy & Power sector also jumped big-time.

According to Thomson Reuters, acquisitions involving Singapore companies targeted the Real Estate sector which captured 27.5% of overall M&A activity as deal value increased 29.7% to US$6.8 billion compared to the first nine months of 2012.

Thomson Reuters said that notably, the Energy & Power sector significantly grew by 120.2% to US$4.9 billion compared to US$2.2 billion during the same period last year as State Grid International Development (SGID) of China invests in Singapore Power’s Australian utility businesses.

"SGID agreed to acquire a 60% interest in SPI (Australia) Assets Pty Ltd for US$2.9 billion and a 19.9% stake in SP AusNet for US$801.2 million from Singapore Power International Pte Ltd, pushing Energy & Power deal value up to US$4.9 billion, the highest level since the first nine months of 2008 (US$8.2 billion)," the report said.

Get Investment Asia in your inbox
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The Lion City also has the highest insurance penetration amongst the six markets at 5.9%.
On back of a modest increase in US interest rates.
As Asian hedge funds outperformed peers.
Lousy start for 2014, says analyst.
Santa is on his sleigh and the elves won't be back until Jan 6.