
Property investment activity slipped 17% to $3.35b in Q1
Cautious investors booked smaller deals.
The property investment market declined 17% year-on-year to $3.35b in the first quarter, as investors remained cautious on the local property market.
According to CBRE, the private sector contributed $2.4b or 70.4% to the total investment in Q1. 31 out of 34 private deals sealed were between $100m to $300m, with smaller deal sizes reflecting investors' cautious mood.
Under the public sector investment sales, four residential and a commercial-residential sites were sold for a total of $966m in Q1.
"Going forward, investment activity will be measured, as the price disconnect between buyers and sellers persists," stated CBRE.