Industrial sites find favour in auction market
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FOLLOWING cooling measures for the private housing segment in July, investors seem to have turned their attention to other asset classes, going by recent action in the auction market.
In the third quarter, auctioneers in Singapore hammered down nine properties - four industrial and five residential units - worth S$10.44 million. This sum was 77.1 per cent lower than in the corresponding quarter last year and also 47.4 per cent lower than in the preceding quarter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
