Chart of the Day: Residential deals dominated public land sales in Q1

This led to overall residential transactions surging twofold.

This chart from Colliers International showed that residential properties took up 86% of public land sales awarded in Q1, which comprises five sales totalling $1.4b. The remaining 14% came from industrial sales.

The total amount of public land sales awarded during the quarter hit $1.59b.

The five government land sale (GLS) sites boosted the overall investment volume in the residential sector, which more than doubled QoQ to $2.02b during the quarter. This made up for the overall crash in property deal volume of 37% due to the absence of big-ticket commercial transactions.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley