Private home investment sales in Singapore hit 4-year low

Badly hit by property curbs.

According to Knight Frank, arising from dampened demand and slowing sales volume of private homes amidst the property cooling measures and Total Debt Serving Ratio (TDSR) ruling, investment activity in the private residential sector has been lack lustre with only a total residential investment value of about $63.0 million in 3Q 2013.

This has been the most muted quarter in the last three years, compared to a minimum of two investment transactions and total private residential investment sales of at least $87 million transacted per quarter between 4Q 2009 and 2Q 2013.

This has led to an all-time low in private residential investment sales since 4Q 2009.

The low private residential sales volume in 3Q 2013 is a stark difference to the total private investment sales of $693 million in 2Q 2013. While there were only 3 investment deals in 2Q 2013, they comprised sites of larger land area and transactions in prime locations, such as Hamilton Scotts which was transacted at $407 million. 

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