Check out the largest property investment deals in Q3

A mall acquisition took the top spot.

The past three months have been a weak quarter for property investment transactions, with overall transaction value crashing 52.9% quarter-on-quarter to just $2.86 billion. Despite muted market sentiments, some hefty deals still managed to make the headlines in Q3.

According to Savills, the largest private investment deal last quarter was the $780m acquisition of Bedok Mall by CapitaLand Mall Trust, which was revealed in July.

The second-largest deal in Q3 was the $380m sale of Thong Sia Building to Sin Capital Partners. Thong Sia Building is a freehold residential cum commercial building along Bideford Road, and its new owner is expected to redevelop the property.

In early August, an unnamed Chinese businessman from Shanghai snapped up 137 Cecil Street for $212.5m. The property was formerly known as Aviva Building.

Meanwhile, an en-bloc sale of 23 units at Draycott Eight was the fourth-largest deal last quarter. The properties came with a $150m price tag and was sold to the Tang Group of Companies, part of Hong Kong's Far East Consortium International Ltd group.

Last but not least, the $100.6m sale of two floors at Prudential Tower was the fifth-largest private investment sale in Q3.

“The weak third quarter showing is not surprising because of weak general economic and mild financial instability events which comes on top of a scaling back of GLS supply,” said the report.