Chart of the Day: Check out what happened to investment sales in Q3

It declined 31%QoQ to $5.9b.

After an outstanding performance in Q2 2016 led by the $3.38b Asia Square Tower 1 transaction, the investment sales market fell 31.3% QoQ to $5.90b in Q3 2016. This is 12.0% below the five-year quarterly average of $6.71b.

According to the latest figures from Colliers International, 52.1% of these investment sales were from the residential sector while 23.1% and 14.6% were from industrial and commercial sectors, respectively.

Furthermore, the data showed that the investment sales market enjoyed its second consecutive yearly increase, up 48.9%, indicating a pick-up in Singapore investment sales activities in 2016. This brings year to date 2016 investment sales to $17.12b, 17.4% above the same period in 2015.

"We expect the transaction value for the whole of 2016 to be in the range of $21b to $23b, above the total investment sales value of $20.10b in 2015. Q3 was supported by seven significant deals of more than $100m which totalled $3.63b or 61.6% of total investment sales," Colliers stated.

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