21 Jul '17, 12am

Singapore: A haven of stability

Singapore: A haven of stability

“Activity in Singapore’s office investment sales market (comprising private sector deals above $5 million and all public sector deals) picked up momentum in 2016, following two years of contraction in 2014 and 2015. The overall sales volume hit a nine-year high of $ 9.06 billion in 2016, driven by mega deals such as Qatar Investment Authority’s acquisition of Asia Square Tower 1 for some $3.4 billion, and IOI Properties’ purchase of the Central Boulevard Government Land Sales site for $2.57 billion. Foreign interest in Singapore’s office properties also continued into 2017 with Hong Kong Land, Fullshare Holdings, Simply Swift Limited – a wholly-owned subsidiary of HK-listed Shun Tak Holdings and Lei Shing Hong Properties (Singapore) amongst those who made purchases in the first six months of the year,” added Tay Huey Ying, Head of Research and Consultancy at JLL.

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

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