Chart of the Day: Check out the top office investments in Q3

The sale of Duo Tower & Duo Galleria to German and Hong Kong firms topped the list.

This chart from JLL Research shows the top three property transactions in the third quarter, led by the $1.57b sale of Duo Tower & Duo Galleria to German firm Allianz Real Estate and Hong Kong-based Gaw Capital.

Also read: Temasek sells joint-owned office asset for $1.6b

This was followed by the $655m transaction for 71 Robinson Road, for which Sun Venture has secured a $455m green club loan; and Keppel REIT’s recent divestment of Bugis Junction Towers for $547.5m.

New leasing activity stayed modest in Q3 given the limited availability of space in the market, where vacancy has fallen below 5%, according to JLL. Technology firms remained the main driver of demand whilst enquiries from professional services, finance, and insurance sectors moderated.