Wednesday, July 25, 2012

Residential sector leads Singapore investment sales

The residential market in Singapore dominated investment sales, contributing 54 percent of total transactions in Q2 2012, according to a report by Savills Research.

As for total investment sales, the consultancy said it grew 52.4 percent from S$4.9 billion in Q1 to S$7.4 billion in Q2.

The public sector accounted for 41.7 percent of all investment sales at S$3.1 billion.

Under the Government Land Sales (GLS) Programme, a total of S$2.9 billion sales were recorded with 15 state land parcels sold.



Meanwhile, investment sales in the private sector bounced back with transaction values climbing 59.9 percent quarter-on-quarter.

“Transaction volume in the commercial segment boosted 123.7 percent quarter-on-quarter to S$2.3 billion,” added the report.

“In the near term, the investment market may hit a plateau given the worsening macro conditions and a squeeze on buyers’ financing.”

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