136 views

Investment sales for real estate rebounded in 2022

Transactions totalled at $31.9b with majority from commercial deals.

Real estate investment sales totalled $31.9b in 2022, with commercial deals accounting for a large proportion, Knight Frank said.

Most of the deals, however, slowed down in the fourth quarter as transactions totalled $4.5b and declined 22% quarter-on-quarter as caution overtook the earlier optimism.

Amongst the largest sale was Hong Kong-listed link REIT which agreed to buy Jurong Point and Swing By @ Thomson Plaza for a combined $2.16b.

Investors' demand for strata office space was still healthy amidst the age of flexible work schemes.

In November, two high floors at Springleaf Tower were sold for about $53.9m (S$2,510 per square feet) to Esteel Enterprise, as well as the fourth floor at 15 Scotts for $49.0m by Cortina Holdings earlier in October.

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Top News

7 in 10 unprepared for AI-driven cyberattacks
Only 38% said their organisation provided training on how to use AI whilst avoiding exploitation.
CCS overhauls passenger airline alliance framework
Airline alliance notifications are now streamlined into a three-step approach.
Aviation
Raffles Medical net profit falls 9.6% to $29m in H1
Its healthcare services division posted a 16% drop in revenue to $119.5m.
Healthcare