Investors should turn their 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 trebled quarter-on-quarter (QOQ) and doubled year-on-year (YOY) to S$14.4 billion (US$10.9 billion) in Q4 2020, mainly on a REIT merger.
- Residential investment sales in Q4 jumped 92.6% QOQ and 94.2% YOY, largely due to the revival of public and private land sales, including two collective sales.
- CapitaLand Mall Trust (CMT) acquires CapitaLand Commercial Trust (CCT')'s six office and two mixed-use developments on their merger, which played a part in the surging of commercial investment sales in Q4, at 228% QOQ and 509% YOT to S$8.69 (US$6.57) billion.
- Industrial investments sales in Q4 saw a decline of 9.3% QOQ and 82.1% YOY, due to ESR REIT's proposed merger with Sabana REIT falling through.
With more tech companies setting up hubs and a global economic recovery, investment sales volumes are looking to pick up further in 2021, as Singapore continues to remain a favourable investment destination.
Download Colliers' quarterly report on the real estate investment sales market in Singapore for Q4 2020 as we examine the latest shifting trends, with expert recommendations and outlook for real estate investors.
Read the press release here.