Guess which sector is the biggest loser in terms of investment sales

Sales halved to $333.6m in Q2.

According to Savills, in Q2/2013, investment sales of industrial properties totalled S$333.6 million, less than half of the S$741.5 million recorded in Q1/2013.

The industrial sector is the only sector registering a decline in investment sales, reflecting the effect of the seller’s stamp duty which was imposed on industrial properties with effect from 12 January 2013.

The notable deals in the reviewed quarter include OC Land’s acquisition of Metro’s freehold warehouse at 100H Pasir Panjang Road for S$39.8 million and the S$32.0 million divestment of Goldin Logistics Hub at 6 Pioneer Walk by A-REIT.

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