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Robust Foreign Interest | Investment Sales Q2 2020

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2020 Singapore Investment Sales Quarterly Report Colliers 1536x1024

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.


2020 Singapore Investment Sales Quarterly Report Colliers 1536x1024

Robust Foreign Interest | Investment Sales Q2 2020

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Steven Tan

Executive Director

Capital Markets & Investment Services

Singapore

Steven has over 25 years in the real estate business and progressed through various roles in this industry from property management to valuation and auction then into investment sales to leading the  non-institutional capital markets – added to his original role as head of the auction team in Colliers Singapore.

Steven is known to preserve a close relationship with his clientele who are High Net-worth individuals - known in the local as Tow Kay (big boss in local dialect), investors from all walks of life and business partners big and small, making him the leading choice to head the non-institutional capital markets.

Steven was lauded for brokering the first freehold industrial sale in the year 2020 for 190 Macpherson Road at $88m. His other notable and worth-mentioning deals include the collective sale of 2-24 Phoenix Road at $42.6M which was sold above its reserved price and another industrial building (food factory) at 200 Pandan Loop at $56.8M.

Steven also qualified as a licensed appraiser with the Inland Revenue Authority of Singapore, a member of Singapore Institute of Surveyors and Valuers (MSISV) and member of Royal Institute of Chartered Surveyor (MRICS).

 

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WeiLeng Tang

Managing Director

Singapore

WeiLeng is the Managing Director of Colliers in Singapore and is responsible for the business's growth strategy and direction. As an enterprising real estate service solutions provider, she currently leads a team of experts advising clients on their business space requirements, property investment choices, managing and driving their asset performance, and valuing their assets.  

Capital Markets is her expertise. Her first foray into real estate began nearly three decades ago when she was headhunted by government service. She has since accumulated a wealth of experience in selling buildings, hotels and development land. She sold her first office building at 20 Malacca Street at Raffles Place – just barely one year into her new role. That same relentlessness saw her through many more deals, some bigger others smaller. Over the years, she has developed an excellent network and invested in strong relationships.

She often gets the question, "What drives you?", which she usually answers, "the inexplicable joy I see on my clients' face when I close a deal!" By building trusted relationships, she has successfully entered into joint ventures with both CapitaLand and City Developments Limited (CDL), during her stint on the buy-side with Wells Fargo (then Wachovia Real Estate).

She considers the undertaking of the Singapore office's leadership role as a significant career progression for her. Together with her team of experts, they have multiplied their profitability by six-fold since 2016, and the team continues to collaborate with colleagues across markets to deliver strong results for shareholders.

Having three daughters of her own that are coming of age, she understands her people's aspirations and recognises the acceleration of success of her people as one of her key focuses, where she mentors and nurtures them in becoming the next generation of leaders.

Colliers has given her tremendous space to accelerate her success, and she would like to accelerate yours too. Connect with her today!

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