{"id":122410,"date":"2021-10-06T03:53:57","date_gmt":"2021-10-05T20:53:57","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-sees-7-5bil-in-real-estate-investment-deals-in-q3\/"},"modified":"2021-10-06T12:26:08","modified_gmt":"2021-10-06T05:26:08","slug":"singapore-sees-7-5bil-in-real-estate-investment-deals-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-sees-7-5bil-in-real-estate-investment-deals-in-q3\/","title":{"rendered":"Singapore sees $7.5bil in real estate investment deals in Q3"},"content":{"rendered":"


\nReal estate investment deals in Q3 2021 saw a 38.7% growth quarter-on-quarter, and a 58.1% increase year-on-year.
\nSingapore registered $7.5 billion in real estate investment deals in the third quarter of 2021, up 38.7% quarter-on-quarter from the $5.4 billion posted in the previous quarter, revealed a Knight Frank report.
\nOn an annual basis, transaction volume increased 58.1% from the $4.8 billion recorded over the same period last year.
\n\u201cThe bulk of investment volume in Q3 was driven by the sale of four Government Land Sales (GLS) sites, with the award of the Marina View reserve site at $1.5 billion being the top land sale, followed by the Jalan Anak Bukit parcel at $1.0 billion,\u201d it said.
\n\u201cWith frenzied bidding at certain recent GLS tenders, other land-hungry developers may shift their focus towards the greater diversity offered by smaller-sized plots in a variety of locations, such as sites with more palatable quantums where owners are attempting a collective sale.\u201d
\nKnight Frank added that the $371 million collective sale of Flynn Park could cause a ripple effect within the en bloc market, considering that many owners are keen on selling their ageing units collectively.
\nWith this, projects within the range of $600 million and below with around 600 units may find willing buyers.
\nKnight Frank believes that much of the investment activity over the coming months \u201cwould comprise the limited supply of new GLS parcels available for tender in the H2 2021 Confirmed List\u201d.
\nIt also expects well-located smaller sites on the Reserve List to be triggered as the unsold stock of private homes runs down.
\nMeanwhile, the Good Class Bungalow (GCB) market also registered a healthy level of sales at $452 million in Q3 2021, albeit at a lower transaction volume compared to the previous quarter.
\nKnight Frank noted that more GCB deals are being negotiated, which it expects to complete before year-end.
\n\u201cThe increased investor activity is not only evidenced in the residential sector as strata offices and shophouses also remained top choices for acquisition.\u201d
\nAmong the deals registered in Q3 included Rivulets Investments\u2019 $422 million acquisition of 61 Robinson and the $197 million sale of a portfolio of six office floors within the Suntec City Towers to Silk Road Property.
\n\u201cWith interest running high and activity moving at an encouraging pace, continued activity is expected in the commercial and shophouse markets with more spaces being launched for sale in the coming fourth quarter.\u201d
\nOn outbound investments, the city-state registered some $5.2 billion of outbound investment deals during the period under review, up 53.9% from the $3.4 billion transacted over the same period last year, showed Real Capital Analytics (RCA) data.
\nNotable deals included Prime US REIT\u2019s $133.9 million purchase of office building One Town Center in Florida, United States, as well as IREIT Global\u2019s $43.1 million acquisition of an office building in Barcelona, Spain.
\n\u201cDespite the looming uncertainties that prevail amid the spike in infection rates in the recent months, the encouraging pace of investment deals in the first nine months of the year represents an improving business sentiment that will continue into the last quarter of the year and next year,\u201d said Knight Frank.
\nFor the whole of 2021, it expects investment transaction volume to hit $30 billion.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Singapore sees .5bil in real estate investment deals in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Real estate investment deals in Q3 2021 saw a 38.7% growth quarter-on-quarter, and a 58.1%...<\/p>\n","protected":false},"author":1,"featured_media":122411,"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-122410","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\/10\/government-land-sales-singapore-mrt.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vQm","jetpack-related-posts":[{"id":122703,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investments-sales-up-6-9-in-q3\/","url_meta":{"origin":122410,"position":0},"title":"Property investments sales up 6.9% in Q3","date":"October 20, 2021","format":false,"excerpt":"\r Property investments sales were at $7.5 billion in Q3 2021, a 79% year-on-year increase. Singapore\u2019s real estate investment sales increased 6.9% quarter-on-quarter and 79% year-on-year to $7.5 billion in the third quarter of 2021, on the back of higher Government Land Sales (GLS), revealed Colliers International. Mixed-use transactions surged\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/singapore-city.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-surge-90-1-in-q3\/","url_meta":{"origin":122410,"position":1},"title":"Residential investment sales surge 90.1% in Q3","date":"October 18, 2019","format":false,"excerpt":"\r However, residential investment sales for this year is expected to fall 55 percent from last year\u2019s record level, due to a weaker en bloc market.\u00a0 Singapore saw residential investment sales increase 90.1 percent quarter-on-quarter and 4.7 percent year-on-year to $3.1 billion in the third quarter of 2019, revealed a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-property-investment-sales-in-q3\/","url_meta":{"origin":122410,"position":2},"title":"Residential sector dominates property investment sales in Q3","date":"October 4, 2016","format":false,"excerpt":"\r Landed home sales, especially large bungalow transactions, contributed significantly to property investment deals last quarter, research shows. Real estate investment sales in Singapore jumped 16 percent year-on-year to $4.61 billion in the third quarter of 2016 from $3.99 billion a year before, according to preliminary estimates from JLL. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-caution-exercised-in-bidding-activity\/","url_meta":{"origin":122410,"position":3},"title":"More caution exercised in bidding activity","date":"November 22, 2016","format":false,"excerpt":"\r Developers have shifted their focus to the private market, with Roxy-Pacific signing a $33.25 million deal for Harbour View Gardens. (Photo: Colliers International) Edmund Tie & Co believes property developers are becoming more cautious with bidding in government land sales (GLS) exercises, resulting in the clustering of bids within\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-drop-in-q1\/","url_meta":{"origin":122410,"position":4},"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. 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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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122410"}],"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=122410"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122410\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/122411"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}