Dismal deals galore: Singapore’s total property investment volume plunged 38.9% in Q3

The office sector drove last quarter's sales momentum.

Singapore recorded yet another dismal quarter in Q3, with total investment volume plunging 38.9% year-on-year to $4.925 billion.

According to CBRE, the private sector has well surpassed the public sector to contribute 69.4 per cent to this quarter’s total investment sales volume at $3.418 billion.

Out of the 34 private deals inked, 28 deals were priced below $100 million, and five between $100 million and $500 million. The sale of one third of MBFC Tower 3 was the only deal that crossed the $1 billion threshold.

Similar to last quarter, the office sector continued to drive the investment sales momentum at $1.772 billion or 36% of total sales volume.

As the next largest contributor, the residential sector made up 26.3 per cent of total sales volume or $1.295 bn, of which 70.2 per cent came from the awards of four GLS sites.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.