Commercial and hotel investment sales in Singapore crashed 50% to $3.7b

Big time deals missed in 1H.

According to Knight Frank, commercial and hotel investment sales in 1H 2013 comprised smaller bitesized deals which totalled about $3.7 billion. 

This is substantially smaller than $7.4billion achieved in the latter half of 2012, where large investment transactions exceeding $1 billion were recorded, such as the $2.1 billion investment from the flotation of Far East Hospitality Trust and the $1.1 billion investment deal from the increased NTUC Income’s stake in Parkway Parade.

Here's more:

Despite the lower transaction volume in 1H 2013, investment interest in private commercial and hotel sector remains active.

Continuous sourcing for suitable investment developments are observed in the market, though compressed yields and elevated asking prices for available commercial developments remained key concerns for buyers.