News Formal

Singapore property investment sales fall 45% in first half of 2020: Report

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

SINGAPORE - 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.

SINGAPORE - 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 showed.

"In the absence of a catalyst, the sluggish market sentiment is expected to continue, with volume in the second half of the year unlikely to increase significantly," said Christine Li, Cushman & Wakefield's head of research for Singapore and Southeast Asia. The biggest deal of the quarter was Chinese e-commerce giant Alibaba Group buying a 50 per cent stake in AXA Tower in a deal that values the property at $1.68 billion. Also, Perennial divested its 30 per cent stake in TripleOne Somerset to Shun Tak Holdings for $155.1 million. Another major commercial deal involved Olayan Group purchasing the retail and banking units of 30 Raffles Place for $315.0 million.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Singapore IPO market expected to be livelier in second half of 2020SINGAPORE - A new crop of listings may emerge as recovery takes hold in the second half after a volatile six months for capital markets.. Read more at straitstimes.com.
Källa: The Straits Times - 🏆 8. / 63 Läs mer »

Singapore home prices fall as shutdown hits property marketSingapore private home prices fell for a second consecutive quarter after a two-month lockdown shut most of the economy and put the brakes on the real-estate market.
Källa: YahooSG - 🏆 3. / 71 Läs mer »