Check out these 5 biggest property deals in Singapore in Q2

Last-minute deals boosted S$6b sales volume.

According to Savills, investment sales came to life in the last two weeks of June with the closure of some major deals. This last-minute surge brought the Q2 transaction volume to S$6.0 billion, 7% higher than the S$5.6 billion recorded in Q1. The private sector accounted for S$3.8 billion or 63%, while the public sector contributed S$2.2 billion or 37% of the quarter’s total investment sales.

The residential sector continued to make up the lion's share of investment sales, at S$3.3 billion or 55%. Seven residential plots worth a total of about S$2.1 billion were awarded under the Government Land Sales (GLS) programme.

Savills noted five major investment transactions in Q2. Properties include those from government land, Jem, 36 units at Hamilton Scotts, and Robinson Point (See Table 1).

One of the largest deal was the sale of a 25% stake in Jem, a new suburban retail-cum-office development located next to Jurong East MRT. That portion was transacted at S$454 million (assuming a 50% gearing ratio). Robinson Point, a freehold office building, changed hands again for around S$349 million.

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