16 Apr '13, 7am

PropertyNews Property investment market still upbeat despite 33% drop: By Shabnam Muzamm...

Apr 16, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share By Shabnam Muzammil : Investment sales for property in Singapore fell to S$5.4 billion in Q1 2013, down 33 percent from the previous quarter due to a decline in private and public sector real estate activity. However, the figure was still 15.6 percent higher than investment deals recorded in Q1 2012, according to a DTZ report. Investment sales refer to transactions valued at S$5 million and higher, but exclude S$1.2 billion transactions in single residential units as well as lots that cannot be redeveloped or subdivided into more than one plot. Last quarter, private sector investment deals fell 40 percent from Q4 2012 to S$2.7 billion. Investments in office properties declined the most by 72 percent. On the other hand, mixed-use property investments almost doubled in Q1. “Besides the increase in m...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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