This supported the growth of total investment sales which rose by 34% to $6.3b in Q1.
This chart from Knight Frank shows the growth pattern of public and private investment sales on a quarterly basis, with the public property investment sales skyrocketing around 2,718% to $3.1b in Q1 from $110m in Q4 2018.
This supported the total investment sales which went up by nearly 34% to $6.3b in Q1 from $4.7b in Q4 2018.
Separately, commercial property sales came down from $3b in Q4 2018 to $1.9b in Q1 2019. Notable deals in 2018 included the sale of the GLS hotel site along Club Street ($562.2m), Liang Court ($400m), and Rivervale Mall ($230m).
Knight Frank also noted that the strong performance of office rental market also contributed to the growing interest in commercial properties.
Do you know more about this story? Contact us anonymously through this link.