Property investment sales in Singapore pegged to hit $20-$25b in 2014

Analyst cautiously optimistic on the real estate market.

According to Savills, it is cautiously optimistic on the 2014 real estate investment sales market in Singapore.

Together with fewer land parcels released under the GLS programme, it expects investment sales to reach S$20.0 billion to S$25 billion in 2014.

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Our tinge of optimism is carried on the back of a better economic outlook, Singapore’s still attractive investment location and positive office rental growth.

The property cooling measures, expectations of rising interest rates alongside the Federal Reserve’s quantitative easing tapering, and the pricing gap between buyers and sellers, however, will continue to weigh on investment sentiment and prolong the decision-making process.