SINGAPORE - Property investment sales in Singapore are expected to return to pre-Covid-19 levels over the next three quarters of the year as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report on Thursday (April 15).
Real estate investment sales rose 25.8 per cent in the first quarter of this year, posting a year-on-year increase of 47.9 per cent to $3.8 billion. The figure excludes mergers and government land sales.
This was mainly led by the commercial and industrial property segments, including a number of major deals such as the half-stake in OUE Bayfront sold for $634 million, the sale of YewTee Point for $220 million and Boustead Projects' injection of 14 properties into the newly established Boustead Industrial Fund at $469 million.