Residential sector hits $4.76b in 2Q12

The total investment sales value increased by an amazing 78.9%.

According to Colliers International, the public sector continued to dominate residential investment sales, as evidenced by the $2.66 billion amassed from the sale of 11 residential land parcels (including four for the development of executive condominiums) via the Government Land Sales Programme.

Here's more from Colliers International:

This was a 44.5% increase from the $1.84 billion awarded for 10 sites in the preceding quarter and is a testament to developers’ sustained optimism towards the residential market given that the winning bids were still generally bullish in spite of thinning interests observed for sites with weaker locational attributes.

The largest public residential land sale in 2Q 2012, in terms of quantum value, was the award of a 2.3-ha condominium site at Sengkang Square/Compassavale Drive to EL Development Pte Ltd for $383.33 million or $528 per sq ft per plot ratio while the most expensive deal in terms of unit land price went to a condominium site on Farrer Drive which was clinched by Singapore Land Ltd’s unit, Singland Development Pte Ltd at a price of $113.20 million or $1,049 per sq ft per plot ratio.

The unit land price achieved for the 67,471-sq ft 65.3% parcel also marked a new high for 99-year leasehold private housing land sold via the GLS since the award of the Draycott Eight site along Draycott Park for $1,104 per sq ft per plot ratio to Wing Tai Holding Ltd in July 1997.

Overall, the residential sector raked in a total investment sales value of $4.76 billion in 2Q 2012, up a significant 78.9% from the $2.66 billion that changed hands in 1Q 2012. This helped the sector to maintain its top spot on the contribution chart with a dominant share of 53.5%.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia