On the other hand, buyers were waiting to enter at more attractive prices amid the likelihood of a global recession.
Ascendas Reit was also noted as an active player in investment sales during the quarter due to its S$102.9 million acquisition of a 25 per cent stake in Galaxis. The real estate investment trust also sold Wisma Gulab to Heap Seng Group for S$88 million and 25 Changi South Street 1 to Hao Mart for S$20.3 million.
However, the decline in interest rates may lead to a rapid return on investment activity in 2021 once investor sentiment recovers.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut: