Big-ticket property deals fall 42% in Q3 after cooling measures

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.