Property investment deals cross S$3b so far in Q1
Office sector has been the star performer while value of residential sector deals halve year on year. There's plenty of capital, but a standoff in pricing
Singapore
INVESTMENT sales of property - big-ticket transactions of at least S$10 million - have crossed S$3 billion so far this quarter - not far off the level in the previous quarter but significantly below the S$4 billion mark in Q1 last year.
Deals originating from the private sector have shored up the latest Q1 number, accounting for 74 per cent of total investment sales.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
HDB resale prices up 1.8% in Q1; rental market slows down
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year