
Chart of the Day: Residential sales dominated investment transactions in Q4
Over $7.14b worth of sales comprised 66% of the total.
This chart from Savills Singapore shows the investment value of residential sites and units rose to $7.14b, contributing about 66% of Q4’s total volume.
The residential segment was again the best performer amongst real estate investments.
Meanwhile, investment sales in the commercial segment grew by 19.2% QoQ to $3.09b in the reviewed quarter and contributed 28.6% of the transaction values in the fourth quarter.
The growth was mostly driven by the sale of the Beach Road commercial site and Chevron House.
The industrial segment closed Q4 with $518.4m worth of transactions. This made up 4.8% of the total investment sales for that quarter.
However, compared with the high base of $2.87b in Q3, due mainly to the sale of Jurong Aromatics Complex, investment sales value plunged by 81.9% QoQ.
Compared with 2016, investment activity in the hospitality property segment picked up in 2017 with four deals resulting in a total transaction volume of $275.4m.