GLS tenders played a significant role in the investment volume.The investment volume also fell across segments, with the commercial sector posting the largest decline of 52.7% QoQ.
Residential sales also declined 47.6% QoQ to $1.8b. The sector was boosted by the GLS sites, increasing the residential transaction volume by $1.2b. Excluding GLS deals, the retail sector accounted for the biggest chunk of the investment volume at 40%, followed by hospitality and industrial sectors .
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Residential sector dominates 1Q24 investment with $1.79BpstrongThe sector's investment sales, however, dropped 48.5% QoQ./strong/p pThe residential sector led investment sales in 1Q24 with $1.79b, accounting for 43.3% of the total transactions for the period./p pWhilst residential emerged as the top-performing sector, its total sales were 48.5% lower quarter-on-quarter.
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Residential sector lead 1Q24 investment salespstrongThe sector accounted for 47.1% of investment deals./strong/p pResidential deals accounted for almost half of investment sales activity in Singapore in 1Q24, data from Knight Frank showed./p pThe residential sector recorded a total sales value of $2b, accounting for 47.1% of investment deals.
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