Investment sales of property decreased in Q2/2011.

By bne IntelliNews June 21, 2011
Investment sales of property declined in the second quarter of this year as compared with the first quarter owing to slower transactions involving private-sector sellers. As reported by Business Times, the overall sales momentum is expected to record an upward swing again over the coming three to six months. The estimates for total property investment sales, including both private and public sectors have amounted to USD 6.9bn so far in the second quarter and the final number is expected around USD 7.3bn. However, the growth pace is expected to be sustained in the second half of this year, with USD 15.37bn of investment deals sealed in the Singapore property market year to date, which would lead to a full-year tally of around USD 30bn, close to the USD 29.07bn recorded last year.

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