Investment sales of property so far this year have already reached $11.26 billion - surpassing the $10.62 billion totted up for the whole of last year, according to latest figures from CB Richard Ellis. The property consulting group is now forecasting that the full-year 2010 number is likely to surpass its initial projection of $15 billion and perhaps reach the $17.9 billion mark achieved in 2008. The...
Investment Sales
Property consultancy CB Richard Ellis (CBRE) said on Thursday total investment sales in the real estate sector grew to a whopping S$4.87 billion in the first quarter this year. This was 18 times higher compared to the S$273.8 million in transacted value posted in the first quarter last year. In its latest report, CBRE said the brisk sale of government land sale (GLS) sites in the first quarter, which...
AFTER three consecutive quarters of growth, the value of property investment transactions in Q1 2010 fell 8.5 per cent quarter-on-quarter to $2.64 billion. The figures, compiled by DTZ Research, also showed that in contrast to last year when residential sales dominated the investment market, investments in the industrial segment stood out in Q1 2010. Industrial property investments accounted for $1.02...
Investment sales in the property market finally slowed in the first quarter this year. Property consultant DTZ Research said the value of investment transactions in the first three months this year fell 8.5 per cent on-quarter to S$2.64 billion. It was the first drop after three straight quarters of increases. The industrial sector leapfrogged the residential sector to account for the bulk of the...
77% of total sales of $4.4b came from private market THE investment sales market strengthened further in the first quarter of 2010, as robust sales of residential government land sale (GLS) sites showed developers' hunger for land. Total investment sales came up to $4.41 billion in the first quarter, 16 times more than the paltry $273.83 million in Q1 last year, a CB Richard Ellis report said...
Property consultancy CB Richard Ellis (CBRE) on Wednesday said activity in the real estate investment sales market has started to strengthen with the recovery of the Singapore economy. In the first three months of the year, sales of residential Government Land Sale sites have come up to nearly S$935 million. Activity in the commercial sector, as well as the industrial sector, also picked up. CBRE said...
Singapore's investment property market seems to be shrugging off the global financial crisis and is staging a robust comeback. Property consultant C B Richard Ellis said Singapore's investment market performed much better than expected in 2009. It said total real estate investment sales came in at S$10.2 billion. While the figure is 43 per cent less than the S$17.9 billion number set in 2008, it is still...
Property consultancy DTZ said on Thursday investment sales here tripled in the third quarter of this year. Total property investment value in the July to September period jumped 200 per cent on-quarter to S$2.3 billion. Historically though, the figure is still below the S$4 billion to S$12 billion mark achieved quarterly between 2005 and 2008. DTZ attributed the increase in investment sales in the third...
Property investment sales rose 13 per cent between July and September to S$1.8 billion, compared to the previous quarter. The improved performance was buoyed by better market and investor sentiments. In its latest report, property consultancy Jones Lang LaSalle said the residential sector dominated investment sales, accounting for 52 per cent of total sales. Investment sales in the residential sector...
A STRONG revival in property sentiment has propelled real estate investment sales in Singapore to surge in the second quarter to hit a total of $1.35 billion, according to latest statistics in a report by Colliers International. This was the highest level achieved since the third quarter of last year, said the property consultancy firm yesterday. The residential sector made up the bulk of the activity,...