Heavyweight deals anchor preliminary Q2 investment property sales
Preliminary investment property sales volume increased by 76.2% q-o-q to S$9.019 billion, up from $8.014b in Q4 '16
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Singapore
SINGAPORE'S investment property market put in a robust showing in the second quarter of 2017. Preliminary investment property sales volume increased by 76.2 per cent quarter on quarter to S$9.019 billion, outperforming the previous high of S$8.014 billion in Q4 2016.
Mercatus Co-operative's acquisition of Jurong Point for S$2.199 billion was the largest deal for the quarter, cushioning investment sales. This resulted in a higher domestic investment volume of S$6.231 billion in this quarter, which is an increase of over 3.5 times quarter on quarter.
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