Market for big properties on the hop

Singapore

THE third quarter of this year will go down as the most active one for big-ticket property transactions since the third quarter of 2013.

Such transactions, defined as those worth at least S$10 million, hit S$9.38 billion as at Sept 25, up 4.1 per cent from Q2's S$9.01 billion.

Q3 2013's record stands at S$13.84 billion.

The preliminary year-to-date tally compiled by Savills Research & Consultancy is S$23.73 billion - higher than last year's whole-year figure of S$22.66 billion.

Savills estimates that the final number for this year could be between S$26 billion and S$29 billion; this factors in, among other things, the award of the…