Private property investment sales raked in $4.99b worth of deals
But public sector sales crashed 18.3%.
According to Colliers International, total property investment sales value inched up 4.0% on a quarter-on-quarter (QoQ) basis to $7.21 billion in the April to June 2013 period from the $6.93 billion garnered in 1Q 2013.
This brought the total investment sales value for 1H 2013 to $14.14 billion, just 3.1% shy of the $14.59 billion closed in 1H 2012.
"While private investment sales managed to rake in some $4.99 billion worth of deals, representing an improvement of 18.5% from the $4.21 billion accumulated in the preceding quarter, public sector sales fell by 18.3% QoQ to $2.23 billion in the three months ending 30 June 2013," Colliers International said.