The government's strong policy response to COVID-19 should further boost investor confidence. In the meantime, investors should look out for opportunities with long-term growth drivers such as logistics warehouse and well-located hotel assets.
Overall real estate investment sales in Singapore fell 43.4% quarter-on-quarter (QOQ) in Q2 2020 and 69.8% year-on-year to S$2.22 billion, the worst since the Global Financial Crisis.
This comes amid an extended lockdown period from the coronavirus outbreak (COVID-19) and rising uncertainties delaying investments.
The commercial and industrial sectors dominated Q2 investment sales, with big ticket teals such as Alibaba buying a 50% stake in AXA Tower and two large warehouses sold to LOGOS and DWS. Colliers Research expects investment sales volumes to recover slightly in the second half of 2020 as the economy reopens, coupled by the Singapore government's strong policy response to COVID-19 to further boost investor confidence.
Download Colliers' quarterly report on the real estate investment sales market in Singapore for Q2 2020 as we examine the latest shifting trends, with expert recommendations and outlook for real estate investors.