Percentage Of Singapore Commercial Investment Sales Falls To 30% In Q2
SINGAPORE – Data from real estate consultancy Savills showed that while commercial property investment transaction accounted for the largest share of the pie during the first quarter of the year, it was surpassed by the residential property segment in Q2 2022, reported the Singapore Business Review (SBR) on Tuesday morning (26 July, SGT).
In the period under review, commercial property investment sales in Singapore reached S$2.24 billion, making up 30 percent of the overall market share. This is down from the 64.3 percent recorded in the January to March period.
Meanwhile, Savills noted that the residential property investment segment accounted for 44.6 percent of the overall investment sales volume in Q2, exceeding its 31.6 percent prior market share during the first quarter of the year.
At the third place, is the investment sales involving mixed-use projects in Singapore, which hit S$1.27 billion and made up 17.1 percent of the total market share.
As for Singapore hotel properties and industrial assets, investment sales into these asset classes increased in Q2, with the hospitality segment witnessing a larger spike in increase.
