27 Jun '16, 9am

Why are property investments on the rise?

Why are property investments on the rise?

Property investors made larger transactions of at least $10 million in the second quarter that ended June 21, as compared to the year’s first, according to Savills Singapore. In the second quarter, property investment sales amounted to $6.94 billion, almost three times the $2.4 billion seen in the first. Sales rose by 16.4 per cent from $5.96 billion in the second quarter of last year. A number of large ticket transactions have showed that Singapore is still a choice destination for property investments According to The Business Times , numbers were given a lift by mammoth transactions. In particular, Qatar Investment Authority’s $3.38 billion takeover of Asia Square Tower 1 made up close to half the tally. Other deals included the collective sale of Shunfu Ville to Qingjian Realty at $638 million. Given the current climate, Mr Steven Ming, managing director for investment...

Full article: https://www.99.co/blog/singapore/property-investments-rise/

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