SINGAPORE: Property investment sales in Singapore are expected to return to pre-Covid-19 levels as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report.
Real estate investment sales rose 25.8% in the first quarter of this year, posting a year-on-year (y-o-y) increase of 47.9%, to S$3.8bil (RM11.74bil). This figure excludes mergers and government land sales.
This was mainly led by the commercial and industrial property segments, including a number of major deals such as the half-stake in OUE Bayfront sold for S$634mil, sale of YewTee Point for S$220mil and Boustead Projects injection of 14 properties into the newly established Boustead Industrial Fund at S$469mil.
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