27 Mar '11, 9pm

Property investment sales robust

SINGAPORE - 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 billion or 60.3 per cent of the quarter's total investment sales to date. Meanwhile, investment sales in the public sector contributed the remaining 39.7 per cent or S$2.87 billion. With effect from this year, CBRE said it has revised upwards the minimum price criteria for an investment sale transaction from S$5 million to S$10 million to reflect the new market worth of investment properties. Investment sale transactions include landed and non-landed residential pro...

Full article: http://www.todayonline.com/Business/EDC110328-0000026/Pro...

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