Big-ticket property deals fall 42% in Q3 after cooling measures
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Singapore
THE tally of big-ticket property transactions of S$10 million and above across all sectors tumbled 42 per cent to S$6.5 billion in the third quarter from S$11.2 billion in Q2 - after the July property curbs put the brakes on residential collective sales.
However, a pick-up in activity for the commercial and industrial property segments helped to mitigate the drop in the residential sector, said Cushman & Wakefield Singapore senior director of research Christine Li.
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