, Singapore
154 views
Colliers

SG records $7b of investments in Q3 2023

59.2% of this volume is from GLS deals.

SG recorded around $7b of investments in Q3 2023, marking an 84.5% increase QoQ and an 8.5% increase YoY, according to a Colliers report.

The large volume of Government Land Sales (GLS) boosted this number, with a total of 59.2% contribution worth $4.1b. 

Aside from the GLS deals, investment volume this quarter was supported by the Mixed-use (31.8%), Hospitality (18.4%), and Commercial (15.5%) sectors.

“Going forward, price expectation gaps from buyers and sellers might continue to inhibit deals, as sellers hang on to their asking prices whilst buyers stay by the sidelines. Nevertheless, with interest rates peaking, and more GLS tenders upcoming towards the end of the year, investment volume may surprise on the upside,” Catherine He, Head of Research at Colliers Singapore said.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!