
You won't believe how much private investment sales have plunged
Sales crashed by 66.6%.
According to Knight Frank, private investment sales plummeted to $1.1 billion, a significant decline of 66.6 per cent quarter on quarter (q-o-q). The Real Estate Investment Trusts (REIT) market was especially quiet in 1Q 2014 with no flotation and acquisition activities in the local investment sales market.
Investment sales in the residential sector finally regained its pole position by constituting 55.4 per cent of the total investment sales volume in 1Q 2014. This is followed by the commercial & hotel sector and the industrial sector, which comprised 39.2 per cent and 5.4 per cent of total investment sales value respectively.