Singapore dominates SEA property investments in 2023

The country accounted for 77% of SEA's investment volume.

Singapore accounted for 77% of Southeast Asia’s property investment sales volume in 2023, data from Cushman & Wakefield (C&W) showed.

According to the C&W report, suburban retail mall sales drove Singapore’s transaction volumes last year.

“Investors have taken a renewed focus on the retail market, particularly in Singapore, with retail investment volumes overtaking office for the first time in a decade,” C&W said.

Thirty-six per cent of investment sales in 2023 in SEA were in the retail sector.

Excluding Singapore, investment volumes in SEA skew sharply towards the industrial market with a 47% share.

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