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

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SINGAPORE'S property investment volume fell 45 per cent to S$6.13 billion in the first half of the year, according to preliminary data from Cushman & Wakefield on Thursday. Read more at The Business Times.

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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