Singapore bucks weak commercial property market in Q1
Investments jump 72% in first 3 months, against downtrend in other major Asia-Pac markets, according to data released by Real Capital Analytics
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SINGAPORE escaped the downtrend that caught every other major national Asia-Pacific (Apac) real estate market in the first quarter of this year, with commercial real estate investment jumping 72 per cent year-on-year to US$1.9 billion, data released by Real Capital Analytics (RCA) on Tuesday showed.
"While the last three months of 2018 were dominated by a handful of major deals in the industrial sector, the start of this year was characterised by a more diverse range of transactions in the retail and office, as well as industrial sectors," said Petra Blazkova, the senior director of Apac analytics at RCA.
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