Research - FEBRUARY 6, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Property transactions in Singapore total S$25.7b in 2016

by Andrea Waitrovich

Investment sales in Singapore totaled S$8.5 billion ($6 billion) in fourth quarter 2016 and S$25.7 billion ($18.22 billion) for the year, led by the commercial property sector, according to Colliers International.

Investment sales activity during the fourth quarter jumped 43.6 percent quarter-over-quarter to S$8.5 billion ($6 billion). The quarter saw a total of 11 deals concluded at or above S$100 million each, led by the commercial sector. These included the award of a white site at Central Boulevard under the Government Land Sales Program at a record bid of S$2.57 billion ($1.8 billion).

Private commercial investment sales doubled to S$1.8 billion ($1.3 billion) during fourth quarter 2016. Retail investments sales sold during the fourth quarter accounted for $S374.9 million ($265.7 million), or 21.1 percent of private commercial investment sales.

Total residential investment sales declined 7.6 percent quarter-over-quarter to S$2.9 billion ($2 billion) during

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy