The Singapore real estate market is drawing in investment sales valued at $26.2 billion for 2021

January 6, 2022 7:28 PM - EdgeProp

The Singapore real estate market attracted almost $26.2 billion in investment sales last year, an increase of 10.4% y-o-y. with $7.4 billion transacted on behalf of domestic and international investors alike - 38% was made up by private residential properties alone.

The new property measures that took effect from December 16 onwards are also expected to cool the market.

“the residential collective sale market is expected to cool as developers become more cautious and selective in their land acquisition activities”, Cushman & Wakefield says.

The Singapore office leasing market began to recover in 2021. CBD Grade-A rents inched up 2.3% y-o-y while B grade increases were more substantial at 6%. In an unexpected turn of events, commercial real estate investment sales picked up significantly in 4Q2021. With value reaching $2 billion--a more than four-fold increase from last year's figure with leasing market activity improving and ample liquidity waiting to be deployed.

In 2021, an estimated $4.8 billion of office investment deals were completed with around 46% in 4Q2021 alone. Notable deals recently included the sale of PIL Building, One George Street and Crown At Robinson. The largest office deal was announced when CapitaLand Integrated Commercial Trust and FWD Group sold their respective half-stakes in One George for $1.3 billion to JP Morgan & Nuveen.