Singapore’s property investment volumes in residential sector climbed 14.8 percent, from $1.47 billion in Q3 2015 to $1.69 billion in 4th quarter of 2015, according to Colliers International report.
The $999.98 million sale of 3 residential state land parcels supported the total investment sales value for the residential sector in Q4 2015, resulting a second top spot with a market share of 28.4 percent on the quarter’s sales chart.
The overall value of Singapore’s property investments in Q4 2015 stood at $5.96 billion, an increased of 39.3% from Q4 2014.
In the last quarter of 2015, private residential market recorded a $688.83 million investment sales. The good class bungalow (GCB) segment sustain the total investment sales value with 9 GCB transactions worth $160.67 million.
Meanwhile, Q4 2015 recorded zero collective sales due to tighter regulations weakened end-user demand. As government cuts back the supply of public land, consultancy expects the drop of public land sales below 2015’s level.