24 Jan '11, 1pm

Property investment sales market up in Q4 last year

SINGAPORE : 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 Monday. The Colliers report said the investment sales market in the quarter ended December last year was driven predominantly by large-sized transactions worth at least S$100 million apiece. In fact, some S$8.6 billion from 24 of such big-ticket deals contributed 70.1 per cent to total investment sales value during this period. This was a 34.8 per cent improvement from the previous quarter and more than fourfold the value seen in the same period in 2009. However...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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