Singapore commercial property investment jumps 72% to US$1.9b in Q1; bucking regional downtrend: Report.
SINGAPORE - Singapore escaped the downtrend that caught every other major national Asia Pacific (Apac) real estate market in the first quarter of this year, with commercial real estate investment jumping 72 per cent year-on-year to US$1.9 billion (S$2.6 billion), data released by Real Capital Analytics (RCA) on Tuesday (May 21) show.
"While the last three months of 2018 were dominated by a handful of major deals in the industrial sector, the start of this year was characterised by a more diverse range of transactions in the retail and office, as well as industrial sectors," said Petra Blazkova, RCA's senior director of analytics for Apac.
"Solid occupier demand in Singapore is also allowing investors to lock in higher rents," she said.
Adapted from The Straits Times 21 May 2019