Singapore’s property investment market sizzled in the first six months of the year, driven by large investment deals involving prime office assets. According to CBRE, total investment sales for the first half of 2016 amounted to $9.56 billion in its tally of transactions above $10 million. CBRE’s data showed that foreign investors remained active as they ploughed $5.68 billion in Singapore real estate in the first half of 2016, making up 59.5% of the total tally. “The numbers for the first half of 2016 look very strong, helped by the conclusion of several big private investment deals. The market saw a few new entrants making their first foray in the Singapore market. These include Qatar Investment Authority (QIA) and Hong Kong-based Shun Tak Holdings,” said Desmond Sim, head, CBRE Research, Singapore and SEA. While analysts expect that more big-ticket office deals may be on the horizon after the sale of Asia Square Tower 1, Sim noted that Singapore’s investible universe in the near horizon is limited.... Continue Reading