Singapore 28 June 2017 - Singapore’s investment property market put in a very strong showing in the second quarter of 2017. Preliminary investment property sales volume increased by 76.2 per cent quarter on quarter to S$9.019 billion, surpassing the previous high of S$8.014 billion in Q4 2016. The largest deal for the quarter which bolstered investment sales was Mercatus Cooperative’s purchase of Jurong Point for $2.199 bn. This led to a higher domestic investment volume of $6.231 bn in this quarter, an increase of more than 3.5 times quarter on quarter. The residential collective sales market also saw some momentum with four transactions by domestic players, amounting to S$1.507 billion. This is the highest investment volume of collective sales amassed since Q2 2011 exceeding the total of three collective sales that were concluded last year. The largest private collective sale transaction in Q2 2017 was the sale of Eunosville to MCL Land for $765.78 million.
Date | Property | Sector | Price($ mil) | Buyer | Seller |
---|---|---|---|---|---|
Jun 17 | Land Parcel along Lorong 1 Realty Park | Residential | 75.8 | Fantasia Investment (Singapore) Pte Ltd, Sun Renwang and Yang Xinping | URA |
May 17 | Land Parcel along Stirling Road | Residential | 1,002.72 | Logan Property (Singapore) Company Pte Ltd, Nanshan Group Singapore Co, Pte Ltd | URA |
May 17 | One George St (50% stake) | Office | 591.6 | OGS (II) Limited | URA |
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