Singapore registered S$7.5 billion in real estate investment deals in the third quarter of 2021, up 38.7 per cent quarter-on-quarter from the S$5.4 billion posted in the previous quarter, revealed a Knight Frank report.
Knight Frank added that the S$371 million collective sale of Flynn Park could cause a ripple effect within the en bloc market, considering that many owners are keen on selling their ageing units collectively. It also expects well-located smaller sites on the Reserve List to be triggered as the unsold stock of private homes runs down.also registered a healthy level of sales at S$452 million in Q3 2021, albeit at a lower transaction volume compared to the previous quarter.
Among the deals registered in Q3 included Rivulets Investments’ S$422 million acquisition of 61 Robinson and the S$197 million sale of a portfolio of six office floors within the Suntec City Towers to Silk Road Property.