Singapore's real estate investments rose 50% to US$15b

Large en bloc deals drove growth last year.

Real Capital Analytics (RCA) reported that Singapore’s real estate investments increased by 50% YoY to up to US$15b, reaching a ten-year high in 2017.

This was due to large en bloc deals, which include buying out existing apartment owners to redevelop sites.

“In total, US$11.8b was transacted in deals above US$500m in five development sites, four residential collective sales and six income-producing asset deals,” RCA said.

The highest acquisition was Sim Lian Group’s purchase of Tampines Court worth US$715m, RCA said.

Singapore ranked third in RCA’s largest Asia Pacific commercial real estate investments market, with Hong Kong and Tokyo ranking first and second, respectively.
 

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.