14 Dec '16, 12am

Retail property investment sales surge in Q4 | Singapore Property News

Also boosting the Q4 number was Master Contract Services' S$250 million acquisition of the lower three levels of the four-storey Heartland Mall-Kovan and two strata retail units in Havelock II near Chinatown from a fund managed by Alpha Investment Partners. Cityvibe , near Clementi MRT Station, also changed hands recently for S$71 million. Despite the strong investment sales numbers for retail property since October, Savills said the year to date figure of S$1.837 billion is just 3.3 per cent higher than the S$1.778 billion for last year. This was due to the lower numbers in the second and third quarters of this year against their respective year-ago periods. Market watchers are keenly awaiting a major retail property transaction in the first quarter of next year: Jurong Point . Singapore's biggest suburban mall, with a price tag of over S$2 billion or more than S$3,000 ps...

Full article: https://www.srx.com.sg/singapore-property-news/28862/reta...

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