During the fourth quarter 2019, Singapore investment sales declined 45.1 percent quarter-over-quarter (QOQ) but rose by 5 percent YOY to S$6.2 billion ($4.6 billion), reported Colliers International. This brings the total volume in 2019 to S$29.5 billion ($21.9 billion), down 12.7 percent YOY.
The commercial sector ended 2019 on a high note, recording the highest level since 2007 at S$11.7 billion ($8.7 billion), while hospitality deals reached an all-time high on a yearly basis.
Industrial deals led investment sales in the fourth quarter, concluding 2019 at S$4 billion ($3 billion), slightly below the record level in 2018. Meanwhile, residential sector slumped as the cooling measures implemented in July 2018 continued to bite.
Colliers expects investment sales in 2020 to improve across all segments on healthy fundamentals, favorable interest rate outlook and Singapore’s key gateway city status. We forecast total investment sales to grow by 6 percent YOY in 20
