Chart of the Day: Residential sector led property deals in Q1

Residential investment was boosted by public land sales.

This chart from Colliers International showed that the residential sector led the total property investment volume in Q1 with a 51% share, the first time since Q3 2018. It is followed by the industrial and commercial sectors, with shares of 28% and 19%, respectively.

Residential investment sales in Q1 more than doubled QoQ and surged by 68.5% YoY to $2b, boosted by five public land sales conducted in the quarter.

“We note that whilst developers had bid cautiously for these GLS sites given the market uncertainties ahead, buyers’ demand remained sustained at new condominium launches as well as in landed housing and Good Class Bungalow (GCB) sales,” the report noted.