Islandwide property investment sales dipped 8.4% in Q1

Transaction volume totalled $3.63b.

Singapore's property investment market registered an 8.4% year-on-year decline in terms of sales value in the first quarter.

A report by Savills revealed that transaction volume totalled $3.63b during the quarter, as cooling measures continue to keep a lid on property investment sentiment.

“The market environment remained tough, as there has been no sign that the government will consider relaxing some property cooling measures, such as those relating to the additional buyer’s stamp duty (ABSD) and total debt servicing ratio (TDSR),” stated the report.

The effects of the cooling measures are exacerbated by high capital values, yield compression and recent spikes in interest rates. 

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.