, Singapore

SG real estate investment sales soar by 22% to $8b in Q3

Sales were propelled by the residential sector.

Real estate investments soared by 22% in the third quarter (Q3), recording nearly $8b sales, a report by Cushman & Wakefield (CWK) showed.

CWK, in its Investment Market Beat report, said the residential sector propelled the Q3 sales, with transactions worth around $3.8b, which is 47.5% of the total investment volume for the quarter.

The figure also represents a 28% increase from the previous quarter's record at $3b.

The increase in residential investments was mainly led by growth in transaction values, according to analysts.

Sales of Jalan Anak Bukit and Marina View via the Government Land Sales programme are worth over $1b each, driving overall investment sales volume to $18.8b in the first nine months of 2021. 

Four residential sties were also sold in Q3 namely Lentor Central ($784m), Slim Barrack Rise Parcel A ($320m), Slim Barrack Rise Parcel B ($162m), and Tampines Street 62 executive condominium (EC) site ($422m).

Other noteworthy transactions for the quarter include  Hong Kong-listed Far East Consortium International sale of the 34-unit 21 Anderson for $213m to Kheng Leong Group, and the acquisition Flynn Park in Pasir Panjang by Hoi Hup Realty and Sunway Developments.

Analysts said activities in the investment sales market are expected to "remain amid the economic recovery this year and a stable economic growth outlook in 2022."

CWK's Shaun Poh added that long-term investors are already looking beyond the pandemic.

"Developers’ appetite for private residential development land is likely to stay firm on the back of the low unsold stock and healthy home buying demand," Poh said.

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!


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.