Singapore property making a comeback

Improved sales: A construction site in Singapore. The island-state’s real estate investment sales rose 25.8% in the first quarter of this year. — Bloomberg

SINGAPORE: Property investment sales in Singapore are expected to return to pre-Covid-19 levels as investor sentiments continue to improve amid economic growth and stability, said real estate consultancy Colliers in a report.

Real estate investment sales rose 25.8% in the first quarter of this year, posting a year-on-year (y-o-y) increase of 47.9%, to S$3.8bil (RM11.74bil). This figure excludes mergers and government land sales.