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Developers send Q1 property investment sales to new high

Land-banking pushes deals this year to S$10.84 billion as of March 28, with en bloc sales accounting for S$5.83 billion

Published Fri, Mar 30, 2018 · 09:50 PM

Singapore

A FLURRY of land-banking activities by developers propelled Singapore's property investment sales market to its strongest quarter in the first three months this year.

Preliminary estimates by property consultancy JLL show that some S$10.84 billion worth of investment deals were sewn up in the first quarter as of March 28 - the highest first-quarter sales on record since JLL started tracking such deals in 1994.

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