Commercial property market posts highest Q1 investment activity in over 10 years at $3.2b
The market's investment activity for Q1 was 22% higher than Q12021.
The commercial property market posted its highest first-quarter investment activity in over 10 years in Q1 at $3.2b (US$2.3b), representing a 22% YoY increase.
With the record-breaking figure, Singapore also took the crown as the most traded CBD office market in the Asia Pacific in a single quarter for the first time, beating Tokyo, Sydney, and Soul.
Singapore was also ranked as the fifth most active metro in Q1 2022 in the Asia Pacific Commercial Property Market Starts 2022 report by Real Capital Analytics.
According to Real Capital Analytics, Singapore's commercial real estate activity was boosted by "a surge of overseas capital, including buyers from Japan, Germany, Hong Kong, the U.K., and the U.S."
“Singapore has been a magnet for cross-border investors in 2022, with offshore capital responsible for deals across the office, retail and industrial sectors. But it is the office sector where activity has been concentrated the most," AP Real Estate Research Head, David Green-Morgan said.