Investors swooped in on Singapore’s office and hospitality assets this year as residential investment deals came off a high following the government’s property cooling measures in July last year. According to Colliers Intl, investment deals above $10 million were led by the commercial sector this year, pulling in close to $11.34 billion worth of deals based on preliminary figures as of end Nov. This also represents 39% of the total volume of investment transactions recorded in the 11 months of the year. According to Tricia Song, head of research for Singapore at Colliers Intl, Singapore’s total investment sales figure this year until Nov stood at $28.7 billion. The overall tally for the entire year is expected to fall short of the $38 billion recorded in 2018, when residential collective sales hit a record high, she says. Significant hospitality assets also changed hands and the sector clocked in a record transaction volume that was backed by improved investor confidence, limited hotel room pipeline supply, and the expected increase in visitor arrivals over the next few years, says Song.... Continue Reading