Singapore property investment sales likely to cross S$31b in 2020: Colliers

Singapore

SINGAPORE property investment sales could increase by 6 per cent to S$31.3 billion in 2020 from S$29.5 billion in 2019, real estate services firm Colliers International said in its latest report.

Investment sales volumes fell 12.7 per cent last year "largely due to the pullback in the residential property sector as cooling measures continued to bite", it said.

The commercial property sector led sales in 2019, and is expected to drive investment sales again this year. Commercial property investment sales accounted for 40 per cent of total transactions in 2019…