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Investment property sales drop in Q1

S$5.2 billion figure down 35% q-o-q but is double the S$2.5 billion a year ago; industry players say market mood remains positive

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Major transactions in Q1 include the S$881 million sale of a 70 per cent stake in TripleOne Somerset by a consortium led by Perennial Real Estate Holdings.

Singapore

FROM a high base in the fourth quarter of last year, big-ticket property transactions of at least S$10 million declined substantially in the first quarter.

However, the mood in the market is decidedly positive - with much anticipation of the imminent mega transactions of

sentifi.com

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