Property investment sales could hit S$46b in 2018: Colliers

Singapore

FUELLED by the ongoing collective sales fever and a possible upturn in other segments, the property investment sales market here could grow 15 per cent year-on-year to S$46 billion in 2018.

This would beat 2007's record S$40.187 billion, according to Colliers International in a May 7 report, and the market could grow a further 5-10 per cent in 2019.

The first quarter of 2018 alone has already recorded an 89 per cent year-on-year increase in total investment sales to S$11 billion.

The residential segment was the main driver, increasing 233 per cent year-on-year to S$9.1 billion, the highest since the S$9.5 billion recorded in the second quarter of 2007. It also comprised 83 per cent of the total investment sales in…