Investment sentiment in the Singapore property market remains positive but there are few core assets for sale, according to property consultants DTZ Research. It found that investment in properties held firm in the second quarter, with S$8.3 billion of value transacted, higher than the S$8 billion worth of transactions recorded in the first quarter. On a year-on-year basis, DTZ said investment sales in...
Singapore Investment Sales
Investment sentiment in the Singapore property market remains positive but there are few core assets for sale. That's according to property consultants DTZ Research. It found that investment in properties held firm in the second quarter, with S$8.3 billion of value transacted. That's higher than the S$8 billion of transactions recorded in the first quarter. On a year-on-year basis, DTZ said investment...
The property investment sales market continues to manifest upbeat sentiment, amassing a healthy sum of S$9.77 billion in the first quarter of the year, riding through the Government's property cooling measures, the political unrest in the Middle East and North Africa, and the recent catastrophe in Japan, consultants Colliers International said. In a report issued yesterday, Colliers said the property...
After last year's robust performance, Singapore property investment sales continued to remain active in the first quarter of this year. According to property consultant CBRE, this quarter's total investment sales have amounted to S$7.23 billion so far - 66.6 per cent higher than the S$4.34 billion registered in the first quarter last year. The private investment sales market has accounted for S$4.36...
Property consultant Colliers International said Singapore's property investment sales market strengthened further in the last quarter of 2010, ringing in sales of S$12.26 billion. That was up 29 per cent quarter-on-quarter, but remained lower compared to the record S$12.69 billion chalked up during the peak in the third quarter of 2007. Colliers released the information in its latest Knowledge Report on...
Property consultant Jones Lang LaSalle says Singapore is seeing one of the world's strongest growth in real estate investment transactions. In its Global Market Perspective report, it says shortages of prime assets for sale are constraining investment volumes. This has led to Singapore, Australia, Sweden and China experiencing the highest property investment growth as those countries have robust economic...
Investment sales for residential property in Singapore have fallen 30.8 per cent in a single quarter, with analysts attributing the dive to the slew of cooling measures introduced by the Government in August. According to a report issued yesterday by property consultancy Colliers International, the third quarter saw a total value of $3.74 billion in residential investment sales, well below the $5.4...
Singapore's property investment market surged in the third quarter, rising on the back of a buoyant office sector. Property consultant DTZ said total investment sales in the third quarter totalled S$6.1 billion, up by some 23 per cent from the previous quarter's S$5 billion. A rebounding office sector helped transactions in office properties to cross the S$1 billion mark, a level not breached since the...
Chevron House at Raffles Place has been sold for $547 million to a fund management Deka Immobilien of Germany, taking the total value of Singapore office investment sales deals this year to around $3 billion. The price works out to around $2,083 per square foot based on the net lettable area (NLA) of 262,650 sq ft. Formerly known as Caltex House, Chevron House is a 33-storey building on a site with a...
The property investment market in Singapore recorded S$5.91 billion in sales for the third quarter of 2010. This is an 86 per cent on-year growth, according to property research firm Jones Lang LaSalle (JLL). However when compared to the previous second quarter, investment property sales slipped eight per cent. Still, there are several deals under conditional contracts worth more than S$590 million and...