COTD: Residential sector dominates investor interest in H1 2024

The GLS Programme boosted sales in the residential sector.

In H1 2024, total investment volume surged 56.6% year-on-year (YoY) to $10.4b from $6.6b in H1 2023, Cushman & Wakefield reported.

The residential sector dominated, boosted by sales under the Government Land Sales (GLS) Programme.

Investor sentiment in the retail sector is also seeing a rise with total investment volume recorded in H1 increasing by 1.6% year-to-date (YTD).

Cushman & Wakefield expect that easing interest rates, along with value-add and redevelopment opportunities, will boost total investment sales in 2024 to $22.0b, reflecting a 19.4% YoY increase.