News

Commercial Property

Staff Reporter

, Singapore

Published:

4 years ago

133 views

Chart of the Day: Property investments plunged 73.4% to $1.7b in Q2

No transactions in the public sector were recorded during the quarter.

This chart from Knight Frank shows that property investment sales in Q2 totalled $1.7b, signifying a 73.4% YoY plunge from $6.4b in Q2 2019. It also marks a 41.4% QoQ crash from $2.9b in Q1, with no transactions recorded in the public sector.

Whilst general activity in the real estate market was muted, the presence of several big-ticket commercial deals bolstered investment sales in the second quarter totalling $1.4b.

The divestments of Perennial Real Estate Holdings’ 30% stake in TripleOne Somerset to Shun Tak Holdings ($155.1mi) and the 50% stake in AXA Tower to Alibaba Group's Singapore subsidiary ($840m) formed a substantial proportion of the deals inked.

More recently, Oxley Holding and Oxley Beryl, owners of the former Chevron House, are in the midst of selling the retail and commercial units of the development to Siriti R and Siriti C for $315m.

Also Read

Keppel Pacific Oak US REIT bags US$50m loan facility

CLI expands Japan self-storage portfolio with new acquisitions, partnership

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

Top News

Australia commits US$50m to Singapore’s green transition initiative

The initiative seeks to accelerate green transition in the Southeast Asia region.

Markets & Investing

2 hours ago

Hong Fok to buy properties in International Building Singapore

Completion of the proposed acquisition is expected to take place in February 2025.

Markets & Investing

2 hours ago

Keppel Pacific Oak US REIT bags US$50m loan facility

The loan facility was obtained through its trustee, Perpetual (Asia) Limited.

Commercial Property

2 hours ago

Keppel and AWS ink deal to boost global AI and connectivity solutions

The partners will explore data center solutions, subsea cables, and renewable energy.

Information Technology

3 hours ago

Exclusives

Singapore’s aged care homes fall short

Their services are routinary and not personalised mainly due to resource constraints.

Healthcare

23 hours ago

Top 50 list shows worsening dip in Singapore’s insurance premiums

The thriving nonlife business offset life insurance’s poor showing in 2023.

Insurance

1 day ago

ArrowBiome develops technology to kill specific bacteria in humans

The Singapore startup focuses on the personal care market but may expand to gut health soon.

Healthcare

1 day ago

Mediation drives legal hiring growth in Singapore

Corporate and commercial law is also set to boost hiring in 2025 amid M&As.

HR & Education

2 days ago

Event News

bolttech bags two accolades at SBR Management Excellence Awards 2024

Co-Written / Partner

The leading insurtech posted notable growth in Southeast Asia with the direction of its Group Chief Product Officer Melissa Wong and Southeast Asia CEO Baldev Singh.

Co-Written / Partner Country Foods scores win at SBR Management Excellence Awards 2024 for AI integration

Co-Written / Partner Kaspersky Singapore Pte Ltd’s Adrian Hia honoured at SBR Management Excellence Awards 2024

Co-Written / Partner Everise CEO Sudhir Agarwal wins Executive of the Year - Business Services at SBR Management Excellence Awards

Co-Written / Partner bolttech bags two accolades at SBR Management Excellence Awards 2024

The leading insurtech posted notable growth in Southeast Asia with the direction of its Group Chief Product Officer Melissa Wong and Southeast Asia CEO Baldev Singh.