Chart of the Day: Check out the top five property transactions in Q1

Residential GLS sites dominated property transactions in the city.

This chart from Knight Frank reveals that the residential government land sale (GLS) site in Irwell Bank Road recorded the biggest price amongst property transactions across Singapore in Q1 2020, at $583.9m.

This was followed by an executive condominium (EC) site at Fernvale Lane and another residential GLS site at Canberra Dive, priced at $286.5m and $270.2m, respectively. A land at one-north and another parcel at Canberra Drive rounded out the top five.

Despite GLS sites dominating property investment sales during the quarter, developers were more cautious in bidding for land due to economic uncertainties, the report noted. The Irwell Bank Road site garnered only seven bids, compared to past GLS sites which clinched at least ten.