Today's news selection contains the latest real estate related stories. Do you own a real estate/property/finance blog or news site? Send the URL to news@agent.sg so our editors can use them as sources.
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.
Daily Property News from Singapore
- More trees, plants at over 80 new HDB estates
- Avenir sells 20 units on first day of its launch
- Greener HDB projects to be ready from this year
- SPH Reit raises unit distribution for Q1
- Over 80 new HDB estates to get 'greener'
- Office spot rents likely to plateau in 2020
- Yanlord buys stakes in Shenzhen developers for $223.79m
- Chart of the Day: Singaporeans take up four-fifths of home sales in 11M 2019
- Land prices drop 8-20% after developers turn cautious in GLS bid
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Previous news selection
Developers kicking off 2020 with early launches
About Agent.sg Daily Property News Selection
Agent.sg's Daily Property News Selection brings you the most important property market news in and around Singapore. We list the best articles on real estate development, property investment and on the property listing market on a daily basis - whoever stays out, misses out.
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