Singapore investment sales jump 28% to $23b in 2016

The office sector recorded the highest investment gains.

The past year had been a good year for investment sales in Singapore, rising 49.6% QoQ to a tally of $7.83b in 4Q16.

According to CBRE Research, the growth is bigger in terms of annual investment sales. For 2016, investment sales soared 28% to $23b.

"The stellar performance delivered in 2016 was a result of key deals in the office and residential sectors where a significant inflow of capital came from foreign investors," CBRE said.

Inbound investment volume in the city-state surged 64.9% YoY to a tally of $9b for the whole year. This was the highest since the last high in 2007 when $15.3b was recorded.

Of all the sectors, the office clocked its highest year of investment sales since 2010. Office investment sales amounted to $10.1b, equivalent to 43.8% of total investment sales. This reflected a surge of 138.8% YoY.