Residential investment sales hit ten-year high at $21.7b in 2017

The collective sales market generated frenzied activity in the previous year.

Singapore’s residential investment sales rose a whopping 119% YoY to $21.7b in 2017 which registers its highest sales growth since 2007, according to Colliers International's quarterly investment sales report.

Private residential segment still dominates last year’s sales figures the but public investment sales posted healthy growth at 31.5% QoQ to $1.5b due to the awarding of two pricey residential
Government Land Sales (GLS) sites in the prime districts 9 and 10.

Colliers notes that the residential market was marked by a collective sales wave as a total of 27 sales were conducted that hit a total value of $8.13b. 15 residential collective sale sites worth
$4.5b were also transacted in the last quarter of the year, boosting overall figures.

“We estimate over 13,000 units could be redeveloped on the 27 collective sale sites sold in 2017, and these could be completed between 2021 and 2023,” Colliers notes, adding that the market is likely to remain active as owners of strata-tiled commercial and mixed developments are poised to jump on the latest trend in the residential bandwagon.

Also Read

CICT NPI rises 6.3% YoY to $293.7M in 1Q24

Stronger demand push condo and HDB rents higher

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit