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Property investment deals surge to S$5.7b in Q2

Office deals a key driver, but softer leasing market, higher borrowing cost present headwinds

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Artist's impression of UOL Group’s upcoming development, Botanique at Bartley, a 797-unit residential project at Upper Paya Lebar Road.

Singapore

INVESTMENT sales of property - big-ticket transactions of at least S$10 million - have risen 56.7 per cent to nearly S$5.7 billion in the second quarter from S$3.63 billion in the first quarter of this year.

The quarter-on-quarter surge was on the back of a couple of...

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