Chart of the Day: Property investment sales up 1.4% to $3.94b in 1Q

Weak sales blamed on high asking prices.

Investment sales in the first quarter recorded one of the slowest since Q4/2009. According to Savills, from January to March 2014, investment sales reached S$3.94 billion.

This was S$52.8 million or 1.4% higher than the S$3.89 billion in Q4/2013, but still one of the slowest quarters since Q4/2009. The weak sales activity seen in the investment market was partly caused by the festive holidays, but more likely, property cooling measures and high asking prices had a big role to play.

Here's more:

In contrast to the last two years, the public sector contributed a larger share of 58.7% with a total of S$2.31 billion recorded. This is more than double the S$757.2 million reached in Q4/2013. Sixteen state land parcels were awarded under the GLS programme, including eight residential sites, seven industrial sites and one hotel site.

Of all the transactions in Q1/2014, the private sector accounted for 41.3% of total investment sales or S$1.63 billion. This represented a 48.0% quarter-on-quarter (QoQ) decline from S$3.13 billion in Q4/2013 and a 44.4% drop from the same period of last year.

Also Read

CICT NPI rises 6.3% YoY to $293.7M in 1Q24

Stronger demand push condo and HDB rents higher

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit