
Chart of the Day: Real estate investment sales volume dropped 43% to $13.5b in H1
Transactions for mixed-use properties crashed 90.2%.
This chart from Colliers showed that property investment sales volume in H1 plunged 43% YoY to $13.5b as most segments fell.
The decline is led by sales of mixed-use properties as they plummeted 90.2% to $148m, followed by residential property investments that slid 71.5% YoY to $2.34m, shophouses which fell 63.5% and industrial property investments that went down 17.7%.
These segments’ low performance has countered the commercial property investments where sales volume rocketed 210.8% YoY to $4.5m in H1, which is said to be its highest level since Q2 2016.
However, real estate investment sales volume could see a slight recovery as Colliers expects an average annual growth of 6% until 2023.
In a quarterly basis, all segments saw sales volumes rise. Overall investment sales volume jumped 56% QoQ in Q2, driven by the 283.3% rise of the commercial property segment. Residential and industrial deals also saw volumes rise 40% and 18.2% QoQ, respectively, sustained by healthy public land sales, which helped to offset the decline in hospitality and shophouses.