{"id":115604,"date":"2020-04-14T11:22:00","date_gmt":"2020-04-14T04:22:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-in-q1-2020\/"},"modified":"2020-04-14T12:06:17","modified_gmt":"2020-04-14T05:06:17","slug":"residential-sector-dominates-investment-sales-in-q1-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-in-q1-2020\/","title":{"rendered":"Residential sector dominates investment sales in Q1 2020"},"content":{"rendered":"


\nCushman & Wakefield attributed the surge in volume to the award of various residential Government Land Sales sites in Q1 2020.\u00a0
\nSingapore saw property investment volume remain muted in the first quarter of 2020 at $3.02 billion, down 37% from the previous quarter, revealed Cushman & Wakefield.
\nThe residential sector dominated the sales volume at $2.02 billion, which was double Q4 2019\u2019s volume.
\nCushman & Wakefield attributed the surge in volume to the award of various residential Government Land Sales sites in Q1 2020, resulting in the public sector to account for 68% of the total residential volume.
\nRead:\u00a0Government Land Sales (GLS) Programme 101: The Secret Arsenal That You Didn\u2019t Know
\nThe industrial sector registered the second-highest volume at $606.8 million, down 22% quarter-on-quarter.
\nIt is followed by the commercial sector at $183.4 million, a significant drop of 81% quarter-on-quarter. This comes as big-ticket commercial transactions were absent in Q1 2020, which is a direct result of Covid-19 pandemic as well as the rapid sell-off in stock markets globally.
\n\u201cSellers were unwilling to lower prices significantly, hoping that the impact on the economy would be temporary and that market confidence would recover rapidly after the pandemic was contained,\u201d said Christine Li, Head of Research for Singapore and Southeast Asia.
\nBuyers, on the other hand, were waiting at the sidelines to enter at more attractive prices given the likelihood of global recession.
\nWith this, the commercial investment sales market was dominated by \u201cseveral strata deals of palatable quantum\u201d. The $49.8 million sale of the 11th floor of Samsung Hub emerged as the biggest office deal of the quarter.
\nAnother notable strata deal was the $37.1 million divestment of the 10th floor in Suntec Tower One.
\n\u201cWe are probably going to see more bite-sized investment deals in the second quarter and into the second half of 2020. Fundamentally, there is still appetite particularly for office, hotel and logistics assets,\u201d said Shaun Poh, Executive Director and Head of Capital Markets Singapore at Cushman & Wakefield.
\n\u201cWe have not seen any distressed assets at the moment. This is largely because of the various stimulus packages by the government to help the hospitality as well as the retail-related industries, and sound financial position of most asset owners.\u201d
\nHe also expects launch activity to resume \u201cafter the circuit breaker measures are lifted as investors begin to have a better grasp of the market situation and are in a better position to calculate their sums\u201d.
\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…Residential sector dominates investment sales in Q1 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Cushman & Wakefield attributed the surge in volume to the award of various residential Government...<\/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-115604","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-u4A","jetpack-related-posts":[{"id":120012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-residential-investment-volume-doubles-in-q4-2020\/","url_meta":{"origin":115604,"position":0},"title":"Singapore residential investment volume doubles in Q4 2020","date":"January 15, 2021","format":false,"excerpt":"\r Singapore residential investment volume doubles in Q4 2020Singapore\u2019s full-year property investment\u00a0tally stood at $23.7 billion in 2020, revealed a Cushman & Wakefield report. Singapore saw total property investment volume for the fourth quarter of 2020 hit $3.33 billion, while the full-year investment tally stood at $23.7 billion, revealed a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/singapore-prime-districts-1.jpg?fit=810%2C421&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-drop-in-q1\/","url_meta":{"origin":115604,"position":1},"title":"Property investment sales drop in Q1","date":"April 17, 2019","format":false,"excerpt":"\r The residential sector saw a drop in investment sales due to less activity in the good class bungalow and collective sales markets. Singapore saw real estate investment sales fall 21 percent quarter-on-quarter and 52 percent year-on-year to $5.3 billion during the first quarter of 2019, reported Singapore Business Review\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-for-q2-2021\/","url_meta":{"origin":115604,"position":2},"title":"Residential sector dominates investment sales for Q2 2021","date":"July 14, 2021","format":false,"excerpt":"\r 7,267 units in the residential sector changed hands in Q2 2021. The residential sector accounted for 56% of the total property investment sales at $3 billion. Property investment sales in Singapore increased 15.4% quarter-on-quarter to $5.48 billion in the second quarter of 2021, with the residential sector accounting for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/HDB-flats-in-Ghim-Moh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-in-hong-kong-non-residential-property-set-to-double-to-almost-us13-billion-this-year-cushman-says\/","url_meta":{"origin":115604,"position":3},"title":"Investment in Hong Kong non-residential property set to double to almost US$13 billion this year, Cushman says","date":"July 16, 2021","format":false,"excerpt":"\r Big-ticket investment in Hong Kong property is set to more than double this year and rise up to HK$100 billion (US$12.9 billion), the highest since 2018, as local investors and international funds make a beeline for non-residential properties.The number of non-residential sales worth more than HK$100 million each is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/land-sales-to-hit-14b-a-sign-of-property-market-resurgence\/","url_meta":{"origin":115604,"position":4},"title":"Land sales to hit $14b, a sign of property market resurgence","date":"November 14, 2017","format":false,"excerpt":"\r Pearlbank Apartments in Outram is a 37-storey horse-shoe shaped building that comprises 280 apartments and eight commercial units. (Photo: Colliers International) More than $3.3 billion worth of land deals, including en bloc sales, are expected to be completed in Singapore during this quarter, boosting the total for the whole\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115634,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investment-sales-to-grow-5-per-annum-in-2019-2024\/","url_meta":{"origin":115604,"position":5},"title":"Singapore investment sales to grow 5% per annum in 2019-2024","date":"April 15, 2020","format":false,"excerpt":"\r Property investment sales in Singapore is projected to grow 5% per year in the longer term over 2019 to 2024 even as this year\u2019s sales is expected to drop 24% year-on-year, revealed a Colliers International report. The Ministry of Trade and Industry\u2019s (MTI) advance estimates showed that the city-state\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115604"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=115604"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/115604\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=115604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=115604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=115604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}