A Strong Recovery Expected in 2021 | Investment Sales Q4 2020 (Colliers International) 02 February 2021
Report highlights:
- Overall real estate investment sales in Singapore trebled quarter-on-quarter (QOQ) and doubled year-on-year (YOY) to S$14.4 billion (US$10.9 billion) in Q4 2020, mainly on a REIT merger.
- Residential investment sales in Q4 jumped 92.6% QOQ and 94.2% YOY, largely due to the revival of public and private land sales, including two collective sales.
- CapitaLand Mall Trust (CMT) acquires CapitaLand Commercial Trust (CCT')'s six office and two mixed-use developments on their merger, which played a part in the surging of commercial investment sales in Q4, at 228% QOQ and 509% YOT to S$8.69 (US$6.57) billion.
- Industrial investments sales in Q4 saw a decline of 9.3% QOQ and 82.1% YOY, due to ESR REIT's proposed merger with Sabana REIT falling through.
With more tech companies setting up hubs and a global economic recovery, investment sales volumes are looking to pick up further in 2021, as Singapore continues to remain a favourable investment destination.
