Investment sales jump by over 35% to $26.61b in 2024: Savills

This growth was observed across all asset classes, with increases ranging from 12.1% to 133.1%

The total investment sales volume in Singapore saw significant growth in 2024, reaching $26.61b, a 35.4% YoY increase from $19.65b in 2023, Savills reported.

This growth was observed across all asset classes, with increases ranging from 12.1% to 133.1%, driven by the availability of investible core assets and better-than-expected economic growth.

Higher proceeds from the sale of government land sales (GLS) sites also contributed to the strong performance.

In terms of sector performance, the residential sector experienced a decline for the second consecutive quarter in Q4/2024, falling 24.3% QoQ to $2.41b, despite the $810m collective sale of Thomson View Condominium.

Meanwhile, the commercial sector registered a sharp drop of 62.7% QoQ, contributing only $966.3m in investment sales. The industrial sector, however, saw a smaller decline of 14.7% QoQ, closing the quarter with $2.13b in transactions.

Looking ahead, Savills forecasts total investment sales for 2025 to reach $23b, with expectations that transaction volumes will pick up as sellers become more willing to lower their prices and buyers adjust their expectations.