Singapore property investment activity slows on high interest rates

Despite a number of residential collective sales and industrial deals, overall real estate investment volume plunged more than 63% in the first quarter, from US$10.9bil (RM48bil) in the same period in 2022. — Bloomberg

SINGAPORE: Real estate investment activity in Singapore shrank to about US$4bil (RM18bil) in the first quarter – the lowest quarterly volume registered since the fourth quarter of 2020, at the height of the Covid-19 pandemic, according to a Colliers International report.

Despite a number of residential collective sales and industrial deals, overall real estate investment volume plunged more than 63% in the first quarter, from US$10.9bil (RM48bil) in the same period in 2022.