Property investment up 6.9% QoQ in Q3

This was mainly aided by higher government land sales.

Investment sales in property saw a rise by 6.9% quarter-on-quarter (QoQ) to $7.5b, according to a report by Colliers.

This is on the back of higher government land sales.

Mixed-use transactions also exploded by 816% QoQ, with residential sales following suit at 11.6% QoQ to hit $3.4b.

Meanwhile, total commercial sales saw a dip by 12.1% QoQ to $1.2b, despite retail transactions standing strong at 100% QoQ.

Industrial sales suffered the most at a 91.3% slide. Despite this performance, however, Colliers continues its positive outlook on this segment.

Shophouse sales also saw a 47.4% QoQ decrease to $163m.

Hospitality experienced a standstill in this quarter, with no deal being recorded year-to-date. A limited supply pipeline, along with new attractions and infrastructure projects, is expected to keep the sector afloat.

Steven Tan, Executive Director, Investment Services, Singapore, expects this positive outlook to persist until the first half of 2022.

“Given the strong residential demand and depleting developers’ landbank, we expect collective sales to continue to grow. Separately, we are also seeing more investor interest in the suburban malls,” he said.

Follow the link for more news on

Colliers

property news

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia