Chart of the Day: Property investment sales down 53.5% to $1.9b in Q2

Transactions were of lower price quantum as investors are wary about their spending.

This chart from EDMUND TIE showed that property investment sales plunged 53.5% QoQ in Q2 to $1.9b from $3.99b in Q1.

Transactions in the quarter were generally of lower price quantum as investors were wary about their spending. There were also no significant GLS sites being awarded, there were no public investment sales in Q2, in contrast to the $1.6b public investment sales in Q1.

In the private investment sales market, three transactions exceeded $100m in Q2, of which one was above $500m. The larger deals were from the office sector, indicating sustained investor confidence in Singapore’s economy and office market in the long term.