06 Apr '11, 9pm

Property market gained S$9.77b in Q1

SINGAPORE - 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 investment sales market in the January to March period was led by the residential sector, which contributed a total of S$3.7 billion (37.8 per cent) followed by commercial and mixed-use sectors, which accounted for S$2.26 billion (23.1 per cent) and S$1.83 billion (18.8 per cent) respectively. The industrial sector contributed 12.4 per cent, 5.8 per cent from the hospitality sector and 2.1 per cent of sales came from the others category. Although the quarter's sale...

Full article: http://www.todayonline.com/Business/EDC110407-0000411/Pro...

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