Residential sector dominates 1Q24 investment with $1.79B

📆 15/04/2024 22:33:00
📰 SBRMagazine

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pstrongThe sector's investment sales, however, dropped 48.5% QoQ./strong/p pThe residential sector led investment sales in 1Q24 with $1.79b, accounting for 43.3% of the total transactions for the period./p pWhilst residential emerged as the top-performing sector, its total sales were 48.5% lower quarter-on-quarter.

The residential sector led investment sales in 1Q24 with $1.79b, accounting for 43.3% of the total transactions for the period.

Behind the residential sector was commercial property, which recorded $1.3b worth of investment sales in 1Q24. The industrial sector, which ranked 4th in market share, recorded $375.4m in investment sales in 1Q24, a 25% growth from 4Q23.

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Residential sector lead 1Q24 investment salespstrongThe sector accounted for 47.1% of investment deals./strong/p pResidential deals accounted for almost half of investment sales activity in Singapore in 1Q24, data from Knight Frank showed./p pThe residential sector recorded a total sales value of $2b, accounting for 47.1% of investment deals.
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