Chart of the Day: Here are the top 5 Singapore commercial property investments in H1

They collectively accounted for 62% of the total commercial investments during the period.

This chart from Knight Frank shows the top five commercial property investment transactions in Singapore during the first half of 2019, which collectively accounted for $3.79b or 62.1% of the $6.1b sales recorded during the period.

Also read: Total property investment sales fell 9.52% to $114b in H1

The largest commercial transaction in H1 was the sale of Chevron House for $1.02b to US real estate fund Golden Compass. The sale price translated to approximately $3,923 per sqft (psf) based on existing NLA of 261,280 sqft, or$2,739 per sqft (psf) based on a proposed increase in NLA to 374,165 sqft.

Frasers Property’s divestment of its 50% stake in the newly completed Frasers Tower was the second largest commercial transaction during the period. Korea’s National Pension Service acquired the stake for $982m in June.

Other notable deals that were not in the list include the $485.3m partial divestment of Marina Square , the partial divestment of Waterway Point for $440.6m, and the $385m sale of Tampines Grande.