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Investment sales in Singapore rose by 49.6 percent quarter-on-quarter to $7.83 billion in the fourth quarter of 2016, reported Singapore Business Review, citing CBRE.
For the whole of 2016, investment sales jumped by 28 percent to $23 billion. Inbound investment volume soared by 64.9 percent year-on-year to $9 billion in 2016, or the highest since the previous peak of $15.3 billion in 2007.
“The stellar performance delivered in 2016 was a result of key deals in the office and residential sectors where a significant inflow of capital came from foreign investors,” said CBRE Research.
Accounting for 43.8 percent of total investment sales, the office sector, in particular, saw investment sales surge by 138.8 percent year-on-year to $10.1 billion last year, or its highest since 2010.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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