Chart of the day: Public property investment sales soared from $110m to $3.1b in Q1

This supported the growth of total investment sales which rose by 34% to $6.3b in Q1.

This chart from Knight Frank shows the growth pattern of public and private investment sales on a quarterly basis, with the public property investment sales skyrocketing around 2,718% to $3.1b in Q1 from $110m in Q4 2018.

This supported the total investment sales which went up by nearly 34% to $6.3b in Q1 from $4.7b in Q4 2018.

Separately, commercial property sales came down from $3b in Q4 2018 to $1.9b in Q1 2019. Notable deals in 2018 included the sale of the GLS hotel site along Club Street ($562.2m), Liang Court ($400m), and Rivervale Mall ($230m).

Knight Frank also noted that the strong performance of office rental market also contributed to the growing interest in commercial properties.