Big-ticket property deals ease in Jan-Feb

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.

Despite Covid creating cautious business sentiment, the underlying investment interest in Singapore property remains strong from overseas private equity funds as well as family offices flushed with liquidity, said Galven Tan, deputy managing director of capital markets at Savills Singapore.