{"id":119949,"date":"2021-01-27T01:24:43","date_gmt":"2021-01-26T18:24:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-investment-to-increase-20-in-2021\/"},"modified":"2021-02-02T17:51:54","modified_gmt":"2021-02-02T10:51:54","slug":"singapore-property-investment-to-increase-20-in-2021","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-investment-to-increase-20-in-2021\/","title":{"rendered":"Singapore property investment to increase 20% in 2021"},"content":{"rendered":"


\nSingapore property investment to increase 20% in 2021The positive forecast for 2021 comes on the back of the strong rebound registered in Q4 2020, where\u00a0property investment sales trebled quarter-on-quarter and doubled year-on-year to $14.4 billion.
\nSingapore property investment sales trebled quarter-on-quarter and doubled year-on-year to $14.4 billion in the fourth quarter of 2020, mainly on REIT merger, revealed a Colliers International report.
\n\u201c2020 is the year of two-halves as we see investment sales at $18.6 billion in the second half, making up three-quarters of the full year of $24.7 billion, signalling strong momentum going into 2021,\u201d said Jerome Wright, Senior Director of Capital Markets at Colliers International.
\nWith the strong rebound registered in Q4 2020, Colliers Research expects volumes for 2021 to recover to pre-pandemic levels, buoyed by Singapore\u2019s pro-business environment, economic growth and status as a safe haven.
\nProperty investment sales is forecasted to grow 20% to $29.7 billion in 2021.
\nRecommended article:\u00a0REITs vs Property: Which is a better investment?
\nIn Q4 2020, residential investment sales soared 92.6% quarter-on-quarter and 94.2% year-on-year to $1.97 billion, mainly on the revival of public and private land sales, including two en bloc sales.
\nResidential investment volume, however, fell 23.6% to $5.25 billion in 2020 as there were fewer public land sales awarded and luxury homes sold due to delays caused by the COVID-19 pandemic.
\nThe report revealed that 38 Good Class Bungalow (GCB) sites worth $1.01 billion were transacted in 2020, down from 2019\u2019s 34 GCB sites worth $1.05 billion.
\n\u201cWith strong developer sales and a depleting pipeline, we expect private land sales via en bloc and collective sales to recover in 2021,\u201d said Steven Tan, Senior Director of Investment Services at Colliers International.
\nSuggested read:\u00a0Property Investment in Singapore: How to Get Started, Calculate Rental Yield and More
\nCommercial investment sales surged 228% quarter-on-quarter and 509% to $8.69 billion in Q4 2020, mainly due to CapitaLand Mall Trust acquiring the six offices and two mixed-use developments of CapitaLand Commercial Trust for $10.8 billion in a merger of equals.
\nKeppel Bay Tower was also acquired by Keppel REIT for $657 million.
\nIndustrial investment sales, on the other hand, fell 9.3% quarter-on-quarter and 82.1% to $405 million in Q4 2020.
\nThe two major business park transactions during the quarter was the $176 million sale of Sandcrawler business park and the $118 million sale of former Big Box retail-warehouse, which is set to be redeveloped into a business park.
\n\u201cWe see positive long-term growth as investors seek warehouses, data centres and hi-specs space to leverage growing e-commerce and technology trends,\u201d said Tan.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore property investment to increase 20% in 2021<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore property investment to increase 20% in 2021The positive forecast for 2021 comes on the...<\/p>\n","protected":false},"author":1,"featured_media":119950,"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-119949","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/gallop-road-GCB-1.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vcF","jetpack-related-posts":[{"id":113989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-plunged-70-in-q4-2019\/","url_meta":{"origin":119949,"position":0},"title":"Residential investment sales plunged 70% in Q4 2019","date":"January 31, 2020","format":false,"excerpt":"\r Singapore saw investment sales for residential properties drop 70% quarter-on-quarter to $929 million during the fourth quarter of 2019, due to the lack of sizable public land sales. 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