Investors took a long term view amid more restrictive Covid measures and expect sales to remain strong in the coming quarters, supported by Singapore's safe-haven status, pro-business environment and economic growth.
Report highlights:
- Total investment sales grew 33% HOH and 171% YOY to SGD9.6 billion in H1 2021.
- Q2 2021 commercial volumes grew 23.9% QOQ driven by a few major deals.
- Residential investment sales jumped 96.4% QOQ driven by a revival of public and private land sales in Q2.
- Industrial investment sales surged 105% QOQ in Q2 2021, boosted by the privatisation of Soilbuild Business Space REIT and Ascendas REIT's purchase of a 75% stake in Galaxis.
- Shophouse sales rebounded strongly by 132% QOQ to SGD310 (USD231) million in Q2 2021 after declining 53.6% QOQ in Q1 2021.
Colliers Research reports that investors took a long term view amid more restrictive Covid measures and expect sales to remain strong in the coming quarters, supported by Singapore's safe-haven status, pro-business environment and economic growth.
Download Colliers' quarterly report on the real estate investment sales market in Singapore for Q2 2021 as we examine the latest shifting trends, with expert recommendations and outlook for real estate investors.
Read our press release here.