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Developers send Q1 property investment sales to new high

Land-banking pushes deals this year to S$10.84 billion as of March 28, with en bloc sales accounting for S$5.83 billion

Published Fri, Mar 30, 2018 · 09:50 PM
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Singapore

A FLURRY of land-banking activities by developers propelled Singapore's property investment sales market to its strongest quarter in the first three months this year.

Preliminary estimates by property consultancy JLL show that some S$10.84 billion worth of investment deals were sewn up in the first quarter as of March 28 - the highest first-quarter sales on record since JLL started tracking such deals in 1994.

This surpassed the preceding quarter's high of S$8.34 billion.

The residential sector was the star performer in the first quarter with S$8.93 billion, accounting for more than four-fifths of the quarter's total invest…

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