Chart of the Day: Total residential investment sales down 28%

No thanks to the 69% QoQ dive in private-sector sales.

Savills Research reported:

In Q4/2012, investment sales in the residential sector amounted to S$2.8 billion or 37.5% of the total transaction value. Total residential investment sales fell 28% from the S$3.9 billion recorded in Q3/2012, mainly due to a slowdown in private-sector sales which plummeted 69% QoQ.

The commercial sector made up 37.2% of total investment sales, amounting to S$2.8 billion. On a QoQ basis, the transaction value increased 62% from the S$1.7 billion in Q3.

On the back of a strong tourism outlook, investment sales in the hospitality segment remained active with S$943 million worth of deals recorded in Q4/2012, accounting for 12.5% of this quarter’s total investment value. However, it decreased 65% QoQ mainly because of the high base in Q3.

The industrial sector closed the year with a total of S$351 million or 4.6% of total investment sales in Q4, the lowest of all quarters in 2012. It declined 64% QoQ from S$974 million in Q3.