Residential sector lead 1Q24 investment sales

The sector accounted for 47.1% of investment deals.

Residential deals accounted for almost half of investment sales activity in Singapore in 1Q24, data from Knight Frank showed.

The residential sector recorded a total sales value of $2b, accounting for 47.1% of investment deals.

A significant portion of the residential investment sales in 1Q24 consisted of government land sales (GLS) sites designated for residential purposes, situated at Orchard Boulevard, Plantation Close, and Media Circle, which had a total value of $1.2b.

Compared to the 4Q23, however, residential investment sales activity declined 41.9% from $3.5b.

Knight Frank attributed the downturn to foreign buyers deterred by the prohibitive Additional Buyer's Stamp Duty (ABSD) rate introduced in April 2023.

Follow the link for more news on

Knight Frank

singapore investment sales

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