Singapore’s property investment sales market turned in a bleak performance in 2014, as the total investment sales value to slip to $20.90 billion, according to a report by Colliers International.
This marks a 36.6 percent year-on-year fall from the $32.96 billion worth of transactions amassed a year ago,
However, the investment sales market in Singapore is expected to see an increased volume of transactions in 2015. “According to Colliers International’s Global Investor Sentiment Report, which surveyed over 620 investors worldwide, the overall sentiment towards 2015 is that investors in general are confident and ready to expand their investments,” the report said.
The survey also indicated that 73 percent of Asian investors expect an increase in investment volumes in 2015 on the back of sound property fundamentals and long-term economic growth in Asia.
Additionally, sales emanating from the residential strata-titled sales segment, particularly in the luxury segment, are expected to pick up in 2015.
Colliers International, “Although the transaction volume in 2014 was lower than in 2013, investors comprising High Net Worth Individuals (HNWIs) and family businesses are likely to keep a lookout for good-value opportunities in the sector on the back of prices softening. With prices expected to be better aligned between buyers and sellers, given the setting in of sellers’ fatigue amid a prolonged down-cycle that looks likely to continue into the new year, more sales from this segment could materialise in 2015.”
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
