Public investment sales dipped by 56.6% QoQ to $957.5m in Q2.
This chart form Edmund Tie & Co. shows that the overall property investment sales value has reached $9.8b in H1. More than half of it ($4.9b) was raised during Q2, which represents a 0.7% QoQ climb and an over 50% YoY fall.
Public investment sales dipped by 56.6% QoQ to $957.5m in Q2 brought by more sites being awarded under the Government Land Sales (GLS) Programme last quarter. Private investment sales countered the fall in public investments as it jumped 47.7% QoQ to nearly $4b, as compared to 27.8% decline in Q1.
Offices accounted for most of the investment sales in Q2 at 38.1%, followed by retail and residential properties at 20% and 18.6% respectively.
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