Real estate investment sales in Singapore dropped 21% QoQ and 52% YoY to $5.3b in Q1 2019, according to Colliers Intl’s latest market research report on real estate. During the quarter, major private investment sales in Singapore continued to be dominated by institutional investors, which included the acquisitions of Manulife Centre by ARA Asset Mgmt and British group Chelsfield, Rivervale Mall by local private equity firm SC Capital Partners, and warehouse facilities on Jurong Island by SGRE Banyan, Colliers Intl’s head of research for Singapore Tricia Song highlighted. “These deals, together with a bumper quarter for GLS, helped to prop up investment sales in Q1 2019.” The commercial sector slowed down from a strong Q4 2018, which was boosted by big-ticket office acquisitions. As a result, total commercial investment sales crashed 54.5% QoQ to $1.1b in Q1 2019. Meanwhile, the residential sector accounted for $1.7b or 32% of the total investment sales in Q1 2019, plunging by 82% YoY on declines across all sub-segments, including collective sales and Good Class Bungalows, as the July 2018 cooling measures continued to bite.... Continue Reading