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
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.
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