Commercial property deals defy regional slowdown

Demand for Singapore property was broad-based, with Central Business District offices garnering most investment while shopping centres and hotels performed well too. Overall transaction volume reached US$7.8bil (RM35bil) for the first half of 2022, up 53% year-on-year

SINGAPORE: Singapore racked up its best quarter ever for commercial property deals to defy a sharp region-wide decline, notes a report.

Deal volume here climbed 74% to US$5.6bil (RM25bil) in the three months to June 30 – a record level for a single quarter – as institutional investors piled in.