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Singapore property investment sales may dive up to 70% in 2020

Deals this quarter likely to tumble further, though distressed sales have yet to emerge

Published Mon, Apr 13, 2020 · 09:50 PM
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Singapore

SINGAPORE property investment sales will take a hammering in 2020, and could plunge as much as 70 per cent.

With a looming global recession, full year 2020 investment sales could dive to S$10-S$15 billion, a 54 to 70 per cent drop from 2019's S$32.9 billion, said Christine Li, Cushman & Wakefield head of research for Singapore and Southeast Asia.

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