{"id":79198,"date":"2018-02-07T10:22:18","date_gmt":"2018-02-07T03:22:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-soared-in-2017\/"},"modified":"2018-02-07T11:05:30","modified_gmt":"2018-02-07T04:05:30","slug":"residential-investment-sales-soared-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-soared-in-2017\/","title":{"rendered":"Residential investment sales soared in 2017"},"content":{"rendered":"


\nSingapore investment sales surged by 119 percent to $21.7 billion for the whole of 2017.
\nResidential 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 from Colliers International.
\nThese transactions comprise all private houses sold for at least $5 million and residential sites successfully auctioned via the Government Land Sales (GLS) Programme.
\nSEE ALSO: Govt unveils land sales programme for H1 2018
\nThe stellar growth in residential investment sales is attributed to the collective sale frenzy. In fact, investment sales in the private housing market soared 153 percent on an annual basis to $6.8 million in Q4 2017 thanks to the en bloc fever, and this segment accounted for 37 percent of the overall transaction value last year.
\n\u201cA total of 27 residential collective sales with a combined value of $8.13 billion were transacted, making 2017 the best showing since 2007 when $11.6 billion was transacted,\u201d said the property consultancy.
\n\u201cIn addition to the 12 sites worth $3.6 billion that were sold in preceding quarters, 15 residential collective sale sites worth $4.5 billion were transacted in Q4. Most of the successful bid prices were done at premiums, some (slightly above) 30 percent the asking prices.\u201d
\nFor instance, Crystal Tower was sold at a 30.9 percent premium from its asking price of $138 million, while Royalville changed hands at a 29.9 percent premium from its asking price of $368 million.
\nThe spike in residential investment sales here was also driven by the GLS Programme, which made up 22 percent of total transactions by value. This was followed by strata properties (13 percent), landed housing (12 percent), stake holding (seven percent), good class bungalows (four percent) and development sites (four percent).
\nLooking ahead, Colliers International expects Singapore\u2019s collective sales market to remain vibrant this year as more owners of strata-titled commercial and mixed-use projects jump on the en bloc bandwagon.
\n\u201cWe estimate over 13,000 units could be redeveloped on the 27 collective sale sites sold in 2017, and these could be completed between 2021 and 2023. Developers may become more selective, but we envisage reasonably priced sites with strong locational attributes would still appeal to developers,\u201d it added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Residential investment sales soared in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore investment sales surged by 119 percent to $21.7 billion for the whole of 2017....<\/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-79198","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-kBo","jetpack-related-posts":[{"id":119949,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-investment-to-increase-20-in-2021\/","url_meta":{"origin":79198,"position":0},"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":111686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/residential-investment-sales-surge-90-1-in-q3\/","url_meta":{"origin":79198,"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":51196,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/investment-property-sales-down-38-5-in-q1\/","url_meta":{"origin":79198,"position":2},"title":"Investment property sales down 38.5% in Q1","date":"April 7, 2017","format":false,"excerpt":"\r Several bulk residential sales were recorded in Q1 2017 as some foreign developers tried to offload their remaining unsold units to avoid paying hefty penalties. Singapore saw sales of investment properties, or big-ticket property transactions of at least $10 million, drop 38.5 percent to $5.2 billion in Q1 2017,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84146,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strongest-first-quarter-on-record-for-singapore-investment-sales\/","url_meta":{"origin":79198,"position":3},"title":"Strongest first quarter on record for Singapore investment sales","date":"March 29, 2018","format":false,"excerpt":"\r Residential collective sales dominate with $5.83 billion worth of deals. Property investment sales in Singapore saw its best ever first quarter, reaching a staggering $10.84 billion in Q1 2018, according to preliminary figures from JLL. This is up a significant 95.2 percent from the $5.55 billion recorded in the\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":79198,"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. 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":87283,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-investment-sales-to-hit-46-billion-in-2018\/","url_meta":{"origin":79198,"position":5},"title":"Property investment sales to hit $46 billion in 2018","date":"May 7, 2018","format":false,"excerpt":"\r \u00a0 Real estate investment sales in Singapore is expected to grow 15 percent year-on-year to $46 billion in 2018, and climb a further 5.0 to 10 percent in 2019, according to a Colliers International report. In the first quarter of 2018, total property investment sales surged 89 percent to\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\/79198"}],"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=79198"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/79198\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=79198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=79198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=79198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}