Investors should focus on assets with long-term growth drivers, such as high-spec industrial spaces and CBD office buildings with income or redevelopment potential.
- Overall real estate investment sales in Singapore jumped 78.0% quarter-on-quarter (QOQ) in Q3 2020, driven largely by commercial and residential deals and reflecting investors’ continued confidence.
- Year-on-year (YOY) investment sales still tracked a 64.8% decline to S$3.99 billion (US$2.92 billion).
- The largest commercial deal in Q3 included Frasers Centrepoint Trust (FCT) acquiring the remaining 63.11% stake in the Asia Retail Fund portfolio, Tuan Sing Holdings selling freehold office tower Robinson Point, as well as MYP selling ABI Plaza to a fund managed by CapitaLand.
- Industrial volumes also saw a growth in Q3, with long-term growth expected as investors continue to seek warehouses, data centres and high-specs spaces.
As sentiment improves, we can expect investment sales volumes to pick up further in Q4 as Singapore remains an attractive investment destination in the long term.
Download Colliers' quarterly report on the real estate investment sales market in Singapore for Q3 2020 as we examine the latest shifting trends, with expert recommendations and outlook for real estate investors.
Read the press release here.