{"id":115634,"date":"2020-04-15T13:54:27","date_gmt":"2020-04-15T06:54:27","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investment-sales-to-grow-5-per-annum-in-2019-2024\/"},"modified":"2020-04-15T14:03:13","modified_gmt":"2020-04-15T07:03:13","slug":"singapore-investment-sales-to-grow-5-per-annum-in-2019-2024","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-investment-sales-to-grow-5-per-annum-in-2019-2024\/","title":{"rendered":"Singapore investment sales to grow 5% per annum in 2019-2024"},"content":{"rendered":"


\nProperty 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.
\nThe Ministry of Trade and Industry\u2019s (MTI) advance estimates showed that the city-state\u2019s gross domestic product (GDP) contracted 2.2% year-on-year during the first quarter of 2020 \u2013 its worst decline since the global financial crisis.
\n\u00a0Some of the biggest deals registered in Q1 2020 include five residential public land sales totalling $1.4 billion as well as two properties that were transferred during the merger of Frasers Logistics and Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) \u2013 namely, China Square Central for $648 million and Alexandra Technopark for $606 million.
\n\u00a0\u201cIn the absence of big-tickets deals, the residential sector led the quarter\u2019s total investment volume for the first time since Q3 2018 at 51%. Developers\u2019 sentiment is still cautious, judging from the relatively robust number of bidders but subdued bid prices during the land tenders,\u201d said Tricia Song, Head of Research for Singapore at Colliers International.
\n\u00a0In Q1 2020, residential transactions surged 68.5% quarter-on-quarter to $2.0 billion on strong public land sales. Although developer had cautiously bid for the Government Land Sales sites due to market uncertainties, buyers\u2019 demand \u201cremained sustained at new condominium launches as well as in landed housing and Good Class Bungalow (GCB) sales\u201d.
\n\u00a0Market sentiment is expected to recover in the longer run, underpinning an average annual growth of 12% over 2019 to 2024.
\n\u00a0Commercial investment sales, on the other hand, slumped 46.9% quarter-on-quarter and 35.4% year-on-year to $758 million, possibly due to price mismatch and fewer investible assets, coupled by the impact of Covid-19 outbreak and the slowdown in office rental growth.
\nNonetheless, Colliers expect this year\u2019s commercial real estate activities to match the levels achieved in 2019 primarily on the upcoming materialisation of the merger of CapitaLand Malls Trust (CMT) and CapitaLand Commercial Trust (CCT) in the second quarter.
\n\u201cThe commercial sector remains the most attractive for investors, as short-term disruption could give way to long-term opportunities. Investors should remain on the lookout for assets and position for a recovery. A significant rebound in H2 in Singapore is possible, given Singapore\u2019s strong policy response to COVID-19, reinforcing its safe haven status,\u201d said Jerome Wright, Senior Director of Capital Markets at Colliers International.
\nMeanwhile, industrial investment sales dropped 50.8% quarter-on-quarter, even as sales doubled to $1.1 billion in Q1 2020, anchored by FLT\u2019s purchase of Alexandra Technopark and Ho Bee Land\u2019s tender for Biopolis Phase 6 site.
\n\u201cWe forecast merger and acquisitions in the industrial property sector to pick up in the second half. Full-year volume, however, should ease from a strong 2019. Industrial assets remain attractive to qualifying investors due to their higher yields,\u201d said Steven Tan, Senior Director of Capital Markets at Colliers International
\nEugenia Rosaline Shlaen at PropertyGuru edited this story. To contact her e-mail eugenia@propertyguru.com.sg\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore investment sales to grow 5% per annum in 2019-2024<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property investment sales in Singapore is projected to grow 5% per year in the longer...<\/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-115634","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-u54","jetpack-related-posts":[{"id":52686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/392-units-sold-at-seaside-residences-over-weekend\/","url_meta":{"origin":115634,"position":0},"title":"392 units sold at Seaside Residences over weekend","date":"April 24, 2017","format":false,"excerpt":"\r Large crowds were seen at the Seaside Residences show suite over the weekend. 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Frasers Property on Tuesday (9 June) announced that it has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29771,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-this-singapore-developer-is-investing-in-thai-industrial-property\/","url_meta":{"origin":115634,"position":2},"title":"Why this Singapore developer is investing in Thai industrial property","date":"October 13, 2016","format":false,"excerpt":"\r One of the biggest real estate deals by a Singapore developer in 2016 Map Ta Phut industrial estate in Rayong, Thailand. tolotola\/Shutterstock One of Singapore\u2019s top real estate companies is acquiring a 40 percent stake in one of Thailand\u2019s biggest industrial property firms. 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