15 Apr '11, 8am

S$977b recorded in Q1 property investment sales: Singapore's property investment sales in the first quarter amas...

Singapore's property investment sales in the first quarter amassed S$977 billion, with the residential sector contributing a total of S$970 billion, according to Colliers International . The commercial brokerage firm said this represents 37.8 percent of the total transactions recorded in the first quarter. Commercial properties accounted for 23.1 percent or S$2.26 billion of the total investment sales, while mixed-use properties made up 18.8 percent or S$1.83 billion in the first quarter. Although Q1 sales moderated from the S$12.26 billion generated in the previous quarter, it was still 67.9 percent higher than the level in the same period last year. This showed that the market fundamentals remained optimistic despite uncertainties. Overall, a total of six residential sites were sold in the first quarter, including two sites for the Design, Build and Sell Scheme (DBSS) an...

Full article: http://sg.news.yahoo.com/977b-recorded-q1-property-invest...

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