/ Property news / Singapore defies real estate investment decline as Q2 transactions hit $4.02b

Singapore defies real estate investment decline as Q2 transactions hit $4.02b

Standout deals include the purchase of Fraser Tower for $990.63m and Marina Square Shopping Mall for $487.4m.

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Real estate investments in Singapore bucked the downward trend among its Asian neighbours in Q2 as transactions volume rose up 69% YoY to $4.02b (US$2.9b), buoyed by cross-border capital flows and domestic investor support, according to a report by Real Capital Analytics (RCA).

Standout deals included United Industrial Corporation’s partial acquisition of Marina Square Shopping Mall for $497.4m (US$359m) and the 50% purchase of the Fraser Tower office asset for $990.63m (US$715m) by the National Pension Service of Korea.

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