Singapore Buys More Australian Real Estate Than China
Spending almost $20 billion in two years.
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Although a small city-state, Singapore is weighing in on Australia’s real estate market.
In the two years to July 2020, Singaporean investors spent $19.3 billion on Australian property, according to the latest Foreign Investment Review Board (FIRB) data.
That’s $6.1 billion more over the same period than China.
Another view is that Singapore makes up 17 cents of every foreign dollar spent on local property, versus China’s 13 cents – despite Singapore’s economy being approximately 44 times smaller.
Singapore is now the second-largest investor in Australian real estate, behind only the United States.
These figures come as foreign investment into Australian real estate has doubled in the last here years – largely at the hands of institutional investors and large scale projects.
Geographically – and in times of unrestricted borders – the tie between Australia and Singapore makes sense, with Perth, amongst other Australian capitals, a short flying distance away for Singaporeans.
This enormous figure also boosts Singapore’s standing across all industries, now representing the third-biggest source of foreign investment for Australia – behind only the U.S. and Japan.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
The four-bedroom home “blends historic architecture, soaring open-plan living spaces and every possible contemporary comfort”
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A unique home on the outskirts of London within a former chapel that had a starring role in the hit TV series “Call the Midwife” is on the rental market for £39,000 (US$48,568) per month.
The four-bedroom home was carved out of St Joseph’s Missionary College, which, founded in 1871, trained young Catholic priests to work as missionaries abroad, according to listing agency Dexters.
Before its conversion to a lavish private residence, the college’s chapel had a starring role as nursing convent Nonnatus House in the first two seasons of the feel-good BBC show, which focuses on a church-funded midwifery in the 1950s and 1960s, based on the bestselling memoirs of Jennifer Worth, a former London nurse.
When the historic college was sold for redevelopment in 2013, and production of “Call The Midwife” transferred to a studio set, the chapel—along with the rest of the building—was born again.
Dexters
Still going by the apt moniker of the Chapel, the home is the centrepiece of the site, which is now a gated development known as St Joseph’s Gate, said Dexters, which brought the home to the market in late February.
The home spans almost 10,000 square feet and “blends historic architecture, soaring open plan living spaces and every possible contemporary comfort,” said Andy Christophi, director of Dexters Finchley.
The chapel’s nave is now the dramatic heart of the home, complete with a 45-foot high vaulted timber ceiling.
The vast open-plan area—which also has columns and gothic-style arches—has a handcrafted kitchen, temperature-controlled wine storage, a curved living area with Victorian windows and enough space to easily host 30 at a dinner table, the listing said.
Above, a mezzanine bedroom has been constructed to appear as though floating above the main living area below.
The home also has a gym, a spa area with a sauna and steam room, and a media room.
“Perfect for a family that loves to entertain, its use as a filming location…makes it particularly iconic, and means you’ll never run out of dinner party conversation,” Christophi said.
This stylish family home combines a classic palette and finishes with a flexible floorplan
Just 55 minutes from Sydney, make this your creative getaway located in the majestic Hawkesbury region.
