Chart from MSCI Real Assets

SG commercial property investment volume cut by more than half in 3Q

Deal activity in Singapore totaled only US$571m.

Singapore was amongst the markets in Asia Pacific (APAC) with the lowest commercial property investment volume recorded in 3Q23, data from MSCI Real Assets showed.

According to the report, deal activity in Singapore totalled only US$571m in 3Q23, translating to a 59% YoY drop.

In APAC, Singapore ranked 7th in terms of investment volume.

The quiet quarter was "a product of the slower dealmaking environment in the first half of this year," said MSCI Real Assets.

During the quarter, Singapore also had no deal above $250m, a first since 2014. 

On the flip side, the deal pipeline in Singapore grew significantly with the addition of three sizable deals — a 542-unit hotel to be sold by UOL Group and two retail malls to be acquired by Chinese buyers. 

All three transactions will likely close in the final quarter of 2023.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Singapore net inflows hit $263.18m in 3Q23
Equity and fixed-income funds reported inflows during the quarter.
OCBC enables customers to lock money in their accounts
Locked funds cannot be used for payments, investments, and ATM withdrawals.


Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Trust Bank sets the bar for digital banking in Asia Pacific
The digital bank targets to be Singapore's fourth largest retail bank, CEO Dwaipayan Sadhu said.
How brands can avoid inauthentic nostalgia marketing
A GlobalData expert flag inauthenticity in using throwback marketing and cite brand campaigns that are winning hearts.