Here are 5 big-time property investment deals in 3Q

Deals more than doubled to $13.6b.

According to Savills, the real estate investment market recorded S$13.6 billion worth of deals in Q3/2013, more than double the S$6.4 billion achieved in the previous quarter, and historically the highest value recorded.

Savills noted 5 major investment transactions in Q3 which include 3 commercial and 2 hotel projects (See Table 1).

Here's more from Savills:

By property type, the hospitality segment was the bright spark in the reviewed quarter. Seven hotels were sold for a total of about S$2.9 billion (including the retail podium of Grand Park Orchard Hotel) or 21.0% of Q3’s total investment sales.

Many of the recent transactions exceeded S$1 million per room. Meanwhile, hotels in shophouses gained in popularity for investors, probably due to the smaller price quantum.

According to Singapore Tourism Board data, the average revenue per available room in the fi rst seven months of this year was down by 3% year-on-year, due to the mix of a weaker events calendar, slower corporate demand and price competition from newly opened hotels.