Singapore's real estate investments rose 50% to US$15b

Large en bloc deals drove growth last year.

Real Capital Analytics (RCA) reported that Singapore’s real estate investments increased by 50% YoY to up to US$15b, reaching a ten-year high in 2017.

This was due to large en bloc deals, which include buying out existing apartment owners to redevelop sites.

“In total, US$11.8b was transacted in deals above US$500m in five development sites, four residential collective sales and six income-producing asset deals,” RCA said.

The highest acquisition was Sim Lian Group’s purchase of Tampines Court worth US$715m, RCA said.

Singapore ranked third in RCA’s largest Asia Pacific commercial real estate investments market, with Hong Kong and Tokyo ranking first and second, respectively.