Residential sector dominates 1Q24 investment with $1.79B

The sector's investment sales, however, dropped 48.5% QoQ.

The residential sector led investment sales in 1Q24 with $1.79b, accounting for 43.3% of the total transactions for the period.

Whilst residential emerged as the top-performing sector, its total sales were 48.5% lower quarter-on-quarter.

Behind the residential sector was commercial property, which recorded $1.3b worth of investment sales in 1Q24.

Like the residential sector, commercial property also saw a drop in total transactions, recording a 20.9% QoQ dip.

The industrial sector, which ranked 4th in market share, recorded $375.4m in investment sales in 1Q24, a 25% growth from 4Q23.

The largest private sector transaction in 1Q24 –- the $140 million sale of OneTen Paya Lebar –- also belonged to the industrial sector.

“This attests to the attraction of high-quality data centre assets in Singapore by investors and operators, as the city-state consistently ranks as one of the most desirable data centre locations in the world due to its reliable infrastructure, strong cyber-security framework, availability of cloud services and a dense telecommunication network connecting it to other parts of the world,” Savills said.

Follow the link for more news on

Savills

Chart of the Day

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