Singapore real estate transactions double quarter-on-quarter in Q3: JLL
Signs of recovery seen as sales in Asia-Pacific climb 35 per cent, driven by China, South Korea and Japan
Singapore
SIGNS of recovery were seen in the third quarter with real estate transactions in the Asia-Pacific gaining 35 per cent quarter-on-quarter, while volumes about doubled in Singapore.
However, according to a report by real estate consultancy JLL, transaction volumes in the region were still down 19 per cent year-on-year at US$35 billion. Similarly, at US$2.89 billion, volumes in Singapore were 57 per cent lower vis-a-vis a year ago.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months
Blackstone in talks to buy Dulwich schools in Singapore, Seoul for US$600 million
Strained Chinese cities struggle to pay home-buying subsidies