Singapore real estate remained resilient during the third quarter 2019 despite the macroeconomic headwinds and heightened global uncertainties, reported Colliers International.
Based on data tracked by Colliers Research, real estate investment sales totaled SGD11.2 billion ($8.23 billion) in the third quarter 2019, representing a 53.7 percent increase from the previous quarter as well as the corresponding period a year ago. The growth was driven by stronger sales across all segments of the property market, as global capital continues to seek opportunities in safe and stable investment destinations.
Tricia Song, head of research for Singapore at Colliers International, said, “Amid unprecedented levels of uncertainty in the global environment, Singapore remains firmly on investors’ radar owing to its growth potential, stable government and pro-business policies. Therefore, we expect Singapore real estate — particularly commercial and hospitality assets — to conti
