Agent.sg / Property news / Property investment sales down 10.6% YoY to $30b in 2019

Property investment sales down 10.6% YoY to $30b in 2019

Fresh property news selection on January 13. 2020, Monday.

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Fewer collective sales during the year drove the decline in sales value.

Total property investment sales declined by 10.6% YoY to $30b in 2019, no thanks to fewer collective sales, reported Knight Frank. In Q4 2019 alone, investment deals totalled $7.3b, a 27.1% QoQ crash.

However, the report noted that this follows the trend of the market slowing down towards the end of the year.

Commercial properties continued to lead investment sales as investors were encouraged by a more positive outlook for the office and hotel sectors. Commercial property investment sales grew by 2.06 times from $6.1b in 2018 to $12.5b in 2019. In Q4, the commercial investment sales eased to $2.6b from $3.9b in the previous quarter, although this was due to a higher base in Q3 as well as a seasonal effect.

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