The residential market in Singapore dominated investment sales, contributing 54 percent of total transactions in Q2 2012, according to a report by Savills Research.
As for total investment sales, the consultancy said it grew 52.4 percent from S$4.9 billion in Q1 to S$7.4 billion in Q2.
The public sector accounted for 41.7 percent of all investment sales at S$3.1 billion.
Under the Government Land Sales (GLS) Programme, a total of S$2.9 billion sales were recorded with 15 state land parcels sold.
Meanwhile, investment sales in the private sector bounced back with transaction values climbing 59.9 percent quarter-on-quarter.
“Transaction volume in the commercial segment boosted 123.7 percent quarter-on-quarter to S$2.3 billion,” added the report.
“In the near term, the investment market may hit a plateau given the worsening macro conditions and a squeeze on buyers’ financing.”
Source PropertyGuru – 2012 Jul 25