{"id":113215,"date":"2019-12-20T10:51:22","date_gmt":"2019-12-20T03:51:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-investment-volume-in-singapore-drops-31-8-in-2019\/"},"modified":"2019-12-20T11:07:41","modified_gmt":"2019-12-20T04:07:41","slug":"real-estate-investment-volume-in-singapore-drops-31-8-in-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/real-estate-investment-volume-in-singapore-drops-31-8-in-2019\/","title":{"rendered":"Real estate investment volume in Singapore drops 31.8% in 2019"},"content":{"rendered":"


\nHowever, this is year\u2019s performance is still \u201crespectable\u201d, according to CBRE.\u00a0
\nGiven the slower en bloc sales market, Singapore saw total real estate investment volume drop 31.8% to $22.83 billion as at 13 December, which is the lowest since 2016, reported The Business Times citing CBRE.
\nDespite the decline, CBRE still considered this year\u2019s performance as \u201crespectable\u201d due to the sizeable transactions posted, such as Mapletree Business City II, Duo and 30 Raffles Place (previously known as Chevron House).
\nThe residential sector drove this year\u2019s investment volume, accounting for 32.1%. This was mainly due to public sales of nine Government Land Sales (GLS) sites.
\nCBRE, however, does not expect the trend to continue considering the build-up of unsold housing stock. The government has also reduced the supply of land for residential development under the first half of 2020\u2019s GLS programme.
\nRECOMMENDED STORY:\u00a0What\u2019s New In The URA Master Plan 2019? [Part I Of II]
\nThe office sector accounted for 31.1% of this year\u2019s investment volume, while the hospitality sector saw transaction volumes quadruple to $2.15 billion in 2019 from $544.7 million in 2018. The hike was mainly driven by growing tourist arrivals from new attractions as well as major events, exhibitions and conferences held within the city-state.
\nLooking ahead, CBRE Senior Executive Director of Capital Markets Michael Tay expects investment volume for 2020 to remain resilient due to anecdotal evidence of investors exhibiting interest in Singapore assets, which could boost foreign capital inflows.
\nThe city-state registered a higher proportion of foreign capital in 2019 at 31.1%, versus 2018\u2019s 24.3%.
\nTay expects lower interest rates to support strong capital flows into real estate, with active fundraising and cheap debt in the capital markets.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Real estate investment volume in Singapore drops 31.8% in 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

However, this is year\u2019s performance is still \u201crespectable\u201d, according to CBRE.\u00a0 Given the slower en...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-113215","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ts3","jetpack-related-posts":[{"id":93029,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-volume-up-11-4-in-q2\/","url_meta":{"origin":113215,"position":0},"title":"Property investment sales volume up 11.4% in Q2","date":"July 3, 2018","format":false,"excerpt":"\r The en bloc market continues to dominate property investment sales in Singapore. 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