Chart of the Day: Cross-border property investments dropped 30.2% in Q2 | / Property news / Chart of the Day: Cross-border property investments dropped 30.2% in Q2

Chart of the Day: Cross-border property investments dropped 30.2% in Q2

Fresh property news selection on August 28. 2020, Friday.

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A key deal is CDL’s acquisition of 51.01% stake in Sincere Property Group for $880m.

This chart from Knight Frank shows that Singapore’s outbound investment sales in Q2 amounted to $3b, which crashed 30.2% YoY from $4.3b in Q2 2019.

Key deals included City Developments Limited’s (CDL) acquisition of 51.01% stake in the Chongqing-based developer Sincere Property Group for some $880m earlier in April, as well as the purchase of KSH Infra’s upcoming logistics park in Pune, India, by Mapletree Investments for about $56.3m in June.

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