Watershed year as investment sales slump to S$17b-18b
Uptick for bulk sales of high-end residential units seen; Blackstone said to have completed purchase of 18 units at Paterson Suites for S$2,100 psf. But 2015 could see an extension of the lacklustre performance in overall market
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Singapore
INVESTMENT sales of property - big-ticket transactions of at least S$10 million - so far this quarter are at their lowest quarterly level since the global crisis.
The year-to-date tally is about S$17 billion-S$18 billion and while this figure is expected to be higher by year-end, the full-year number will still be a big drop from around S$30 billion for each of the past four years.
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