219 views
Photo by CK Seng on Pexels

Total investment volume up 31% QoQ in Q3

The increase was mainly led by the residential sector, recording $4.1b in transactions.

Singapore’s total investment volume climbed 31% quarter on quarter (QoQ) to $9.3b in the third quarter of 2025 (Q3 2025), according to Cushman & Wakefield.

The increase was mainly led by the residential sector, which recorded $4.1b in transactions, followed by the commercial ($2.4b) and mixed/other ($1.9b) sectors.

The residential sector volume surged by 127.1% QoQ in Q3 2025, of which the bulk (72.7%) was from the public market, comprising seven Government Land Sales (GLS) sites that were awarded.

Commercial deals rose 40% QoQ, supported by CapitaSpring’s partial sale (55% interest) for $1b. 

Other office deals include Keppel Land’s acquisition of Jem (office component) for $462m. A major retail transaction was the sale of Kinex Mall for $375m.

However, industrial investment fell 55% QoQ due to smaller deals recorded.

The largest deal was CapitaLand Ascendas REIT’s $329m sale of a five-property portfolio comprising warehouses and high-tech factories.

Year to date, a total of $2.6b worth of industrial deals were transacted, or nearly half (46.2%) of 2024’s total figure ($5.7b), driven by portfolio sales or acquisitions by major landlords.

Follow the link for more news on

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.