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CBRE has been ranked by Real Capital Analytics (RCA) as the top firm for commercial real estate investment sales in Singapore last year, with an overall market share of 33.6% across all property types.
The brokerage firm clinched the top spot in industrial and logistics sales in Singapore for the fifth year in a row, with 43.2% market share in 2020. CBRE also took a leading market share for development site sales at 43.7%.
“We are proud of the results, as they demonstrate the success of CBRE’s effective approach in delivering value add strategies tailored to our clients’ requirements, unlocking value and producing exceptional outcomes for their real estate investments,” said Michael Tay, Head of Capital Markets for Singapore, CBRE.
Globally, CBRE was also ranked the top firm for commercial real estate investment sales – a position it held for ten consecutive years.
This comes as CBRE took a global market share of 24.2% across all property types in 2020, or an 860 basis-point lead over its closest competitor.
Specifically, CBRE emerged as the leading seller representative in global logistics and industrial sales as well as global office sales, with a market share of 30% and 22.7%, respectively.
The firm also claimed the top global position for retail sales, with a market share of 23.2%, and apartment sales with 22.8% market share.
Aside from being number one globally, CBRE also emerged tops across three global zones – the Americas, Asia Pacific as well as Europe, Middle East and Africa (EMEA).
“This incredible result is a testament of our strong client relationships as well as local market knowledge and cultural insights across Asia Pacific. We will continue to sharpen our platform, adapting and innovating to better serve our clients,” said Greg Hyland, Head of Capital Markets for Asia Pacific at CBRE.
Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg