{"id":120012,"date":"2021-01-15T03:54:53","date_gmt":"2021-01-14T20:54:53","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-residential-investment-volume-doubles-in-q4-2020\/"},"modified":"2021-02-02T17:52:31","modified_gmt":"2021-02-02T10:52:31","slug":"singapore-residential-investment-volume-doubles-in-q4-2020","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-residential-investment-volume-doubles-in-q4-2020\/","title":{"rendered":"Singapore residential investment volume doubles in Q4 2020"},"content":{"rendered":"


\nSingapore 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.
\nSingapore 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 Cushman & Wakefield report.
\nResidential investment volume doubled from $0.82 billion in Q3 2020 to $1.57 billion in Q4 2020.
\nThe Urban Redevelopment Authority\u2019s advance estimates showed that private property prices increased during the fourth quarter, bringing the full-year hike at 2.2%.
\nThe report noted that the uptick in residential sales also saw an increase in residential investment sales, like the $93 million sale of Guillemard-Jalan Molek site as well as the $62 million sale of Sophia Ville and Fair Haven.
\nThe Good Class Bungalow (GCB) market also ended 2020 with healthy sales and higher transaction values despite the challenges brought by the COVID-19 pandemic. Transactions in Q4 2020 included Chatsworth Park GCB at $44.0 million and Tanglin Hill GCB at $31.5 million.
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\nThe biggest non-landed residential transaction for the quarter, on the other hand, was the $62 million sale of Wallich Residence superpenthouse \u2013 the unit bought by James Dyson for $73.8 million over a year ago.
\nOver at the commercial property sector, transaction volume plunged 93% to $0.92 billion with the absence of REITs merger.
\n\u201cNevertheless, there is still some optimism in the office market against the backdrop of the imminent recovery,\u201d said Cushman & Wakefield.
\nKeppel REIT, for instance, is purchasing a 100% stake in Keppel Bay Tower from Keppel Land for $657.2 million.
\nShophouse investment sales increased by nearly five-fold to $232 million in Q4 2020 from $44 million in the previous quarter.
\nIn fact, the quarter registered 12 shophouse transactions above $10 million, an increase from three in the previous quarter.
\nMeanwhile, the industrial sector \u201cshowed some nascent recovery in Q4, despite a 34% decline in transaction volume\u201d from the previous quarter.
\nSuggested read:\u00a0Can You Truly Afford a Second Property Investment in Singapore?
\nIn Q4 2020, Perennial Real Estate consortium\u2019s $118 million acquisition of Big Box in Jurong emerged as biggest deal of the quarter.
\nIt was followed by Metro Holdings\u2019 $76.6 million acquisition of a 26% stake in a portfolio of 14 properties. The portfolio comprises six industrial properties, four high-spec industrial properties, three logistics properties and one business park situated in various parts of Singapore.
\nThe two deals boosted the industrial transaction volume for Q4 to $296.6 million, bringing industrial transactions for the full-year to $2.1 billion, down 64% from 2019\u2019s $5.9 billion.
\nFor 2021, Cushman & Wakefield expects overall property investment volume to return to pre-COVID-19 levels at between $18 billion and $20 billion, on optimism that the roll-out of COVID-19 vaccine will boost economic growth.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s Listings, Project Reviews and Guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore residential investment volume doubles in Q4 2020<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore residential investment volume doubles in Q4 2020Singapore\u2019s full-year property investment\u00a0tally stood at $23.7 billion...<\/p>\n","protected":false},"author":1,"featured_media":120013,"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-120012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/singapore-prime-districts-1.jpg?fit=810%2C421&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vdG","jetpack-related-posts":[{"id":115604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-investment-sales-in-q1-2020\/","url_meta":{"origin":120012,"position":0},"title":"Residential sector dominates investment sales in Q1 2020","date":"April 14, 2020","format":false,"excerpt":"\r Cushman & Wakefield attributed the surge in volume to the award of various residential Government Land Sales sites in Q1 2020.\u00a0 Singapore 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. The residential\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-investment-to-increase-20-in-2021\/","url_meta":{"origin":120012,"position":1},"title":"Singapore property investment to increase 20% in 2021","date":"January 27, 2021","format":false,"excerpt":"\r Singapore 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. Singapore property investment sales trebled quarter-on-quarter and doubled year-on-year to $14.4 billion in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/gallop-road-GCB-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":113989,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-plunged-70-in-q4-2019\/","url_meta":{"origin":120012,"position":2},"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. For the whole of 2019, residential investment sales fell 63% year-on-year to $6.8 billion, revealed Colliers International. Despite the decline, Colliers\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124267,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gcb-sales-volume-to-ease-in-2022-increase-in-property-auction-listings-and-more\/","url_meta":{"origin":120012,"position":3},"title":"GCB sales volume to ease in 2022, increase in property auction listings and more","date":"January 17, 2022","format":false,"excerpt":"\r 11th January\u00a0to 17th January After a robust performance in 2021, the Good Class Bungalow (GCB) market is expected to see a drop in sales volume this year. 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