Real Estate Investment Sales Up Despite Slowing En Bloc Market
Real estate investment sales in Singapore improved in the first quarter of 2019 even as the en bloc sale market appears to have slowed down. Knight Frank data showed that total real estate investment sales increased by nearly 34 percent to $6.3 billion in Q1 2019 from $4.7 billion in Q4 2018. The property consultancy attributed the increase partly to the closing of state tenders during the period under review, with public sales soaring from $110 million in Q4 2018 to $3.1 billion in Q1 2019.
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