Real estate investment volume grows by 44.5% in Q2

The residential market posted a strong performance whilst retail continues to struggle.

Real estate investment volumes grew by 44.5% quarter-on-quarter (QoQ) in the second quarter (Q2), according to the latest report from CBRE Research.

This is equivalent to $5.9b.

The residential market continued to have a strong performance amidst the heightened restrictions from mid-May to early June.

On the other hand, the retail market continues to struggle as tourism borders remain closed and work-from-home being the default.

The office market had a net absorption of -0.36 mil sq ft in Q2, driven by earlier relocation moves and downsizing efforts by occupiers.

Overall leasing interest in business parks was also subdued, with net absorption of 0.13 mil sq ft in Q2.

As for the industrial market, space availability for warehouse and prime logistics remained tight, shooting up rents by $1.3 and 2.9% QoQ, respectively.