Singapore’s residential investment segment dominated the investment market for the year of 2019.
Residential investment volume forms 32.1% of the entire investment deals for the year. It is followed closely by the office investment sector at 31.1% of the entire year’s investment deals.
The residential market investment volume was mainly contributed by big Government Land Sales (GLS) sites.
Although huge en-bloc sales have slowed down in year 2019, the diminished supply of new GLS land will keep volume and price in check. Normanton Park was such a mega en-bloc sales site in year 2018.
CBRE expects the volume of investment deals to remain resilient in 2020.
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