Singapore total investments soar during the first half 2017
Firm investment demand for Singapore properties from investors and developers pushed investments sales up 46 percent year-over-year during the first half of 2017, according to Colliers International.
Total investment sales soared 66.2 percent quarter-over-quarter and 19.6 percent year-over-year to $7.5 billion during the second quarter 2017. The residential and commercial sectors made up 49.6 percent and 33.2 percent, respectively. Residential investment sales value jumped 76.5 percent quarter-over-quarter to $3.7 billion.
Colliers notes the increasing interest from foreign, including Chinese, developers in residential land sales during the second quarter 2017.
And the commercial sector remains one of the major movers in 2017 for the Singapore real estate market, with more properties put up for sale as investment demand has surged.
To read the full report, click here.