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SINGAPORE (May 9): Some S$4.99 billion (RM15.4 billion) worth of real estate investment deals were closed in the first three months of this year, a 67.4% surge from the year-ago period.
Following The Business Times’ report, the private sector accounted for 90% of the total sales value in the first quarter.
JLL Singapore head of research and consultancy Tay Huey Ying said: “The engine of growth for Singapore’s private investment sales market in the first quarter of 2017 was the office sector which took the lion’s share at 47.5%.”
This article first appeared in The Edge Financial Daily, on May 9, 2017.
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