Total investment in commercial property falls 65% QoQ in Q2

The value of the total investment went down to $1.8b.

Singapore’s total investment in commercial property dropped 65% in the second quarter (Q2) of 2023 from the investment value recorded in the same period last year, MCSI said.

The count of deals went up due to smaller strata offices and shop sales. For the first half of 2023, the shophouse segment notched a record amount of investment, reaching US$484m across 22 deals.

Despite these figures, David Green-Morgan said Singapore's investment activity remains stable and is still the second most active metro and the top cross-border destination for the first two quarters of this year.

“Whilst institutional investors have been less active this year, corporates and private buyers continue to prize the city-state for its safe-haven status,” said MCSI.

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