Sharp drop in Singapore property investment sales in Q1; potential upside ahead: Colliers Research

REAL estate investment sales across all property sectors in Singapore totalled S$5.3 billion in the first quarter this year, down 52 per cent on year due to weaker commercial and industrial volumes, according to Colliers International’s market research report released on Tuesday.

In the residential sector, the July 2018 cooling measures continued to depress sales. Sales plunged by 82 per cent from a year ago to S$1.7 billion amid declines in all sub-segments, including collective sales and Good Class Bungalows. This sector accounted for 32 per cent of the total investment sales in the quarter.

Colliers Research expects investment activity to pick up in the coming quarters, including potentially more commercial - office and retail - deals to be concluded towards the end of this year. For the whole of 2019, the firm estimated that total investment sales will be S$38 billion, on a par with last year’s level.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coliving market has potential for growth in Singapore, JLL ResearchThe JLL research paper on coliving in Singapore said more players in Singapore could move into the owner-operator model soon following JTC Corporation’s move to put up a pilot Concept and Price Tender to build, own and operate a co-living development...
Source: IndependentSG - 🏆 2. / 72 Read more »

Secondary property market sellers under pressure to lower asking prices, ResearchSecondary property market sellers are under great pressure to lower their asking prices due to slowing sales said a research report by Knight Frank.
Source: IndependentSG - 🏆 2. / 72 Read more »