The public sale of Beach Road for $1.62b boosted the total.
This chart from Colliers International shows that public land sales boosted total commercial investment sales to $3.1b in Q4.
Out of $3.1b, public land sales approached $1.7b, whilst private land sales approached $1.4b.
The government land sale (GLS) of Beach Road for $1.62b to Guocoland and Guoco Group topped the major deals in the quarter.
The total commercial investment sales grew 9.8% QoQ to $3.1b. However, on a yearly basis, the transactions were 32% lower.
Do you know more about this story? Contact us anonymously through this link.