Interest for office properties is picking up.
This chart from Edmund Tie & Company (ET&Co) shows that the residential properties (34.4%) made up the most of Q3 property investment deals in Singapore.
Coming in next are office properties which made up 20% of the total property investments for the quarter. This was followed by industrial properties (17.1%), mixed properties (14.4%), retail properties (12.9%), and hotels (1.3%).
“The increase in DC rates, together with the new cooling measures, will lead to a further slowdown in the residential investment market as acquisition costs of collective sale sites have increased substantially,” ET&Co said.
They added that the positive sentiments in the commercial market, particularly in the office segment, could lure investors to focus on commercial properties which are able to provide recurring income and higher yields.
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