SG’s investment sales fall 20% QoQ in Q4 2024

Despite this, the total investment deals in 2024 increased by a substantial 28.7%.

Singapore’s total investment sales amounted to $6.5b during the fourth quarter of the year (Q4 2024), reflecting a 20.3% quarter-on-quarter (QoQ) decrease, according to an Edmund Tie & Company report.

Despite this, the total investment deals in 2024 increased by a substantial 28.7% year-on-year to $25.2b, from $19.5b in 2023.

Five Government Land Sales sites were awarded within the quarter, including Tampines Street 95, Faber Walk, Jalan Papan, Kallang Way, and Lok Yang Way totalling $1.26b.

In the private sector, investment momentum was driven by strong investor demand for industrial assets. Notable transactions include the sale of two Keppel data centres.

The commercial market also remained active with key transactions including the Concorde Hotel and Shopping Centre and Katong Plaza sales.

Further, the sale of Thomson View Condominium to a consortium comprising UOL Group, Singapore Land, and Capitaland Development marks the only publicly disclosed successful residential collective sale in 2024.

Whilst interest rate cuts improved investor sentiment during the period, Edmund Tie said caution persists amidst ongoing economic and geopolitical challenges. In the near term, investors will remain selective, focusing on sectors with stronger growth potential.

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