Investment in the real estate market doubled quarter-on-quarter to reach $7.13b in the third quarter with both residential and commercial property seeing investment growths, according to a report by Savills.
It also noted that private housing market activity started cooling recently as the 60% additional buyer’s stamp duty curtailed demand from foreigners particularly in the high-end market.Commercial investment sales, meanwhile, surged by 62.2% to reach $1.69b and accounted for 23.7% of the overall investments.
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