Chart of the Day: Total property investment sales fell 9.52% to $11.4b in H1

Industrial property sales led the declines.

This chart from Knight Frank shows that the total property investment sales dipped 9.5% to $11.4b in H1 from $12.6b in H2 2018, which was attributed to the decline in industrial investment sales to $874.6m in the same period from $2.2b in H2 2018.

Commercial property investment sales accounted for most of the overall sales, which rose 12.9% to $6.1b from $5.4b. This is driven by its largest transaction during H1 is the $1b sale of Chevron House.

The report also added that office rents are projected to increase due to limited supply whilst hotel room rates and occupancies are expected to improve after projections of robust visitor growth.

Meanwhile, investment sales of residential properties went up slightly HoH to $3.7b from $3.6b.