News

Check out real estate news updates

Real Estate Investment Sales Up 56% In Q2

Total investment sales rose 56 percent quarter-on-quarter to $8.2 billion in Q2 2019, mainly driven by the residential and commercial sectors, which altogether accounted for almost 83 percent of total investment volume.

On an annual basis, investment sales dropped 33 percent from the $12.4 billion in Q2 2018, partly due to the stronger residential collective sales then.

Total investment sales for the first half of 2019 also fell 42 percent to $13.5 billion.

“Singapore real estate investment sales saw improvements across all major sectors in Q2, and this growth momentum should carry into the second half of 2019, barring any unforeseen events,” said Tricia Song, research head for Singapore at Colliers International.

Residential investment sales jumped 40 percent quarter-on-quarter to $2.3 billion in Q2 2019, with the high-end condominium segment accounting for 37 percent of total residential sales.

Overall residential investment sales for 1H 2019, however, declined 15.3 percent from 2H 2018 and 77.1 percent from 1H 2018.

Colliers expects investment sales for this year to match last year’s transaction volume at $38.2 billion.

“Despite the global macroeconomic headwinds, we think the Singapore real estate sector has growth potential and remains an investment magnet for investors owing to its strong fundamentals, such as transparent regulatory framework, good infrastructure, and stable political environment,” said Song.

More information visit: https://www.propertyguru.com.sg/property-management-news/2019/7/182102/real-estate-investment-sales-up-56-in-q2

Leave a Reply

Your email address will not be published. Required fields are marked *