Real estate investment sales fall 52%: Report

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Real estate investment sales in Singapore fell 52 per cent year on year to $5.3 billion in the first quarter of this year, due to the cooling of collective sales fever and residential property curbs. This is according to a Colliers International research report released...

Thanks to land sales, residential investment sales jumped 48.2 per cent compared with the previous quarter.

On a year-on-year basis, commercial investment sales quadrupled to $1.1 billion in the first quarter on a low base. It said the Urban Redevelopment Authority's Draft Master Plan 2019 incentives could spark more investor interest in the redevelopment of older buildings in the Central Business District.

 

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