Singapore investment property sales lose steam in Q1 under macro cloud
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REAL estate investment activity in Singapore slowed considerably in the first quarter of 2023, as investors retreated in the face of higher financing costs and mounting macroeconomic uncertainties.
First-quarter figures compiled by Knight Frank Singapore showed that total investment sales were down 61 per cent to S$4.2 billion, from S$10.8 billion chalked up in the year-ago period.
This is the lowest quarterly total since Q2 2020, which included Singapore’s “circuit breaker”, Knight Frank noted. Just S$1.7 billion investment sales were recorded then.
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