Residential sector dominates property investment sales in Q2

THE residential sector once again dominated property investment sales in the second quarter of 2018 with S$7.1 billion of sales. This accounted for 65 per cent of the total investment volume. The residential collective sales market is now keeping at a more sustainable pace.

During Q2, 15 sites worth a total of S$3.8 billion found buyers. This compares with Q1 where 16 sites with a total price tag of S$5.8 billion were sold. A sizeable number of the projects that were launched in the second quarter were in the prime areas, and this has presented developers with a good number of quality projects to cherry pick.

The preliminary real estate investment volume amounted to S$10.9 billion in Q2, a 9 per cent quarter-on-quarter increase from the tally of S$10 billion in Q1.