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Big-ticket property deals ease in Jan-Feb

Covid-19 has dampened business sentiment but there are other factors such as a reduction in the number of sizeable properties available after a string of high-profile deals

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“... The office rental growth story is missing.” - Galven Tan, deputy managing director of capital markets, Savills Singapore

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“Some serious investors are proceeding with their property hunting process with business continuity plans in place.” - Swee Shou Fern, executive director of investment advisory, Edmund Tie & Co

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“The low interest rate environment which is expected to be prolonged will be conducive for property investment.” - Michael Tay, senior executive director and head of capital markets in Singapore, CBRE

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“The boom in investment sales between 2017 and 2019 has led to a reduction of investible assets.” - Shaun Poh, executive director of capital markets, Cushman & Wakefield

Singapore

BIG-ticket property transactions of S$10 million and above have slowed amid the Covid-19 outbreak though other factors have also been at play, including a reduction in the number of sizeable properties available for sale after a string of high-profile deals last year.

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