{"id":122703,"date":"2021-10-20T03:08:16","date_gmt":"2021-10-19T20:08:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investments-sales-up-6-9-in-q3\/"},"modified":"2021-10-20T12:06:20","modified_gmt":"2021-10-20T05:06:20","slug":"property-investments-sales-up-6-9-in-q3","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investments-sales-up-6-9-in-q3\/","title":{"rendered":"Property investments sales up 6.9% in Q3"},"content":{"rendered":"


\nProperty investments sales were at $7.5 billion in Q3 2021, a 79% year-on-year increase.
\nSingapore\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.
\nMixed-use transactions surged 816% quarter-on-quarter to $2.5 billion, driven by the award of two mixed-use sites at Marina View and Jalan Anak Bukit.
\nResidential sales climbed 11.6% quarter-on-quarter to $3.5 billion in Q3 2021, driven by the award of three GLS sites and the collective sale of Flynn Park.\u00a0
\n\u201cThe proportion of Good Class Bungalows and landed housing continued to dominate at 59% of total sales,\u201d noted Colliers.
\nYear-to-date, residential sales volume increased to $8.1 billion, reflecting a 148% year-on-year hike from a low base, given that property viewings were prohibited for the most part of Q2 2020.
\nMeanwhile, commercial sales fell 12.1% quarter-on-quarter to $1.2 billion in Q3 2021, despite strong retail transactions. This brings year-to-date commercial sales volume to $361 billion, or down 12.6% from the same period last year.
\nColliers said several commercial deals are still in the pipeline, including One George Street, 20 Anson and ABI Plaza, reflecting \u201cthe attractiveness of office properties with redevelopment and Gross Floor Area upgrade potential\u201d.
\nIndustrial investment sales also dropped 91.1% quarter-on-quarter to $178 million in Q3 2021 in the absence of big-ticket industrial sales or major deals.
\nNonetheless, year-to-date industrial investment sales increased 66.9% year-on-year to $3.2 billion. This comes as the two previous quarters registered strong sales driven by a REIT privatisation as well as the establishment of an industrial fund.
\n\u201cWe believe investors interest should remain on the back of accelerated growth in ecommerce and technology businesses,\u201d said Colliers.
\nOver in the hospitality sector, no movement in asset sales was registered in Q3 2021 and for the year-to-date period.
\nIn the long term, however, Colliers expects the hospitality sector\u2019s fundamentals to be supported by \u201ca relatively limited supply pipeline and a series of new attractions and infrastructure projects planned through 2030\u201d.
\nShophouse sales declined 47.4% to $163 million in Q3 2021, following a strong showing in the previous quarter. With this, year-to-date shophouse sales volume stood at $607 million as at end-Q3 2021, or a whopping 238% hike over the same period last year.
\n\u201cShophouses continue to be an attractive asset class, as they offer a stable rental income and capital appreciation potential at a palatable investment quantum, as well as the flexible use of property,\u201d said Colliers.
\nLooking ahead, Colliers expects investment deals to continue to be robust at least until the first half of 2022.
\n\u201cGiven the strong residential demand and depleting developers\u2019 landbank, we expect collective sales to continue to grow. Separately, we are also seeing more investor interest in the suburban malls,\u201d said Steven Tan, Executive Director for Investment Services, Singapore at Colliers International.
\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…Property investments sales up 6.9% in Q3<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Property investments sales were at $7.5 billion in Q3 2021, a 79% year-on-year increase. Singapore\u2019s...<\/p>\n","protected":false},"author":1,"featured_media":122704,"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-122703","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\/10\/singapore-city.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vV5","jetpack-related-posts":[{"id":122410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-sees-7-5bil-in-real-estate-investment-deals-in-q3\/","url_meta":{"origin":122703,"position":0},"title":"Singapore sees $7.5bil in real estate investment deals in Q3","date":"October 6, 2021","format":false,"excerpt":"\r Real estate investment deals in Q3 2021 saw a 38.7% growth quarter-on-quarter, and a 58.1% increase year-on-year. Singapore 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.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/government-land-sales-singapore-mrt.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":122703,"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":106165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-drop-in-q1\/","url_meta":{"origin":122703,"position":2},"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":35282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-caution-exercised-in-bidding-activity\/","url_meta":{"origin":122703,"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":28425,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-sector-dominates-property-investment-sales-in-q3\/","url_meta":{"origin":122703,"position":4},"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":79198,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-soared-in-2017\/","url_meta":{"origin":122703,"position":5},"title":"Residential investment sales soared in 2017","date":"February 7, 2018","format":false,"excerpt":"\r Singapore investment sales surged by 119 percent to $21.7 billion for the whole of 2017. Residential investment sales in Singapore rose sharply by 184 percent year-on-year to $8.3 billion last quarter and surged by 119 percent to $21.7 billion for the whole of 2017, according to a new report\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\/122703"}],"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=122703"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/122704"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}