30 Mar '15, 3pm

Singapore Property News This Week #201

While property investment sales are below the $4 billion mark in Q1 last year, the sale of big ticket transactions have hit more than $3 billion this year. About 74 percent of the total investment sales were from the private sector, according to the Business Times. Particularly, the sale of the AXA Tower had accounted for about 40 percent of overall investment sales, said Desmond Sim from CBRE. On the other hand, the remaining 26 percent of investment sales deals came from the public sector. This was a drop from the share of public land sales in Q4 last year. Last year, about 27.64 percent of all investment transactions were from the public sector. Sim said that the total debt servicing ratio framework could have slowed demand and thus reduced investment sales volume. Nonetheless, the public sector’s share of investment sales is predicted to increase in the coming quarter ...

Full article: http://www.propwise.sg/singapore-property-news-this-week-...

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