Singapore’s United Overseas Bank Limited (UOB) has suspended lending for London properties amid uncertainty resulting from the Brexit decision, according to the BBC.

Both property value depreciation risk and foreign exchange risk are at play as the UK works its way through separation from the EU. The Singapore dollar has gained about 10 percent against the British pound since the Brexit referendum.
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In 2015, Singaporeans were the top Asian buyers of UK commercial property, according to the report (citing consultancy Knight Frank).

Last Updated on June 30, 2016 by Ramin Seddiq