09 May '18, 1am

Residential property market backbone of Q1’s market growth https://t.co/POl0yHv7E7

The property investment sales market has grown 89% in the first quarter alone this year, reaching $11 billion in total investment sales. Collective sales and upward trends in other residential market segments have accounted for much of this increase and the year-on-year increment could be as much as 15%. $46 billion in property investment sales expected this year In the residential segment alone, there has been a 233% year-on-year increase to $9.1 billion. The record for the highest amount of investment sales for a quarter was $9.5 billion in Q2 of 2007. The 5 largest transactions in Q1 were all from the residential collective sale segment: Pacific Mansion – $980 million Park West – $840.9 million Pearl Bank Apartments – $728 million Goodluck Garden – $610 million Brookvale Park – $530 million Brookvale Park. Picture: iProperty The collective sale fever truly heated up in ...

Full article: https://www.iproperty.com.sg/news/residential-property-ma...

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