Singapore property investment sales down 45% in H1: Cushman & Wakefield

In H1 2020, preliminary investment volume for the commercial sector stood at S$2.2 billion, 35.9 per cent of total investment volume.

A"significant" portion of hospitality asset owners could be seeking to exit the sector in favour of more stable asset classes, due to uncertainty over the duration of the Covid-19 crisis and when tourism will return to pre-pandemic levels. This could lead to some deals in future quarters, Cushman & Wakefield noted.

"As past recessions have shown, there are gains to be reaped when investors enter during the period when the market is going through a repricing to find its balance," he said. In the industrial sector, Q2 volume remained stable at S$701.3 million, up 6 per cent from S$661.4 million in Q1. In the first half of the year, industrial investment volume was at S$1.36 billion.

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Singapore property investment sales fall 45% in first half of 2020: ReportSINGAPORE - Property investment sales in Singapore slumped in the first half of this year amid the coronavirus pandemic, though the market showed signs of stabilising in the second quarter, a report from Cushman & Wakefield on Thursday (July 2) showed.. Read more at straitstimes.com.
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