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Sharp fall to $3b so far in Q4 from over $13b in Q3
2013 sales may be similar to past three years'; lower 2014 figure expected
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Kalpana Rashiwala
Published Sun, Dec 22, 2013 · 10:00 PM
EVEN taking into account the $970 million sale of TripleOne Somerset over the weekend, investment sales of Singapore property have dived to around $3 billion so far this quarter - a big drop from $13-plus billion in the third quarter.
The year-to-date tally is around $29 billion - with a possibility that the final number could touch $30 billion as more caveats of transactions are lodged. This figure would be similar to each of the preceding three years.
The figures cover big-ticket items of at least $10 million. Investment sales reflect the confidence of major property players in the sector's mid to long-term prospects.
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