Which sector received the most investments in Q124?

Shophouses mainly appealed to high-net-worth investors.

Singapore's investment market surged 20.9% year-on-year (YoY) in Q124, indicating strong economic prospects and boosted investor confidence, per Cushman & Wakefield's Marketbeat report. 

Residential investments led at $1.7b, followed by commercial at $1.3b and hospitality at $0.6b.

Shophouses continue to appeal to investors, particularly high net-worth individuals, for wealth preservation and diversification. 

Total transaction volume for shophouses rose by 54.9% quarter-on-quarter (qoq) to $169.1m in Q124, with notable deals including the sale of three adjoining shophouses on Duxton Road for $47.5m.

Resilient consumer spending and continued travel recovery have brought retail and hospitality assets back into investors' focus. 

Retail and hospitality net yields remain higher compared to office net yields, making them appealing investment options, especially amidst current interest rate dynamics.

Interest in industrial properties remains steady, driven by relatively higher yields and favourable long-term prospects. 

Notable transactions include BDx's acquisition of their data centre (OneTen Paya Lebar) for approximately $40m, reflecting the growing demand for assets catering to emerging industries such as self-storage, cold chain, and data centres.