Chart of the Day: Residential deals dominated public land sales in Q1

This led to overall residential transactions surging twofold.

This chart from Colliers International showed that residential properties took up 86% of public land sales awarded in Q1, which comprises five sales totalling $1.4b. The remaining 14% came from industrial sales.

The total amount of public land sales awarded during the quarter hit $1.59b.

The five government land sale (GLS) sites boosted the overall investment volume in the residential sector, which more than doubled QoQ to $2.02b during the quarter. This made up for the overall crash in property deal volume of 37% due to the absence of big-ticket commercial transactions.

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