#Singapore #real #estate #investments increases from 2010 levels

1246254_singapore[1] According to property report, 2011 had healthier economic conditions in Singapore real estate, despite global economic uncertainties. Real estate investment sales in 2011 managed to surpass the investment amount in 2010. S$28.6 billion (US$22.2 billion) of investment deals was recorded in 2011, slightly more than the S$27.9bn concluded in 2010. This is based on deals tracked by DTZ, part of UGL Services, a division of UGL Limited (ASX: UGL).

Investment figures compiled by DTZ Research comprise transactions that are more than $5m each and exclude S$1.1 billion of transactions in single residential units and lots that cannot be redeveloped/subdivided into more than one plot.

The increase in real estate investment sales in 2011 was largely due to an increase in sales of land sites and properties by the government, as government sales increased by 28.8 per cent year-on-year (YOY) which more than offset the 12.7 per cent YOY fall in investment sales originating from the private sector.

For Q4 2011, investment sales by both the public and private sectors registered a quarter-on-quarter (QOQ) increase. Total investment sales in Q4 2011 recorded a QOQ growth of 67.5 per cent to reach S$7.2 billion. Nevertheless, investment sales in Q4 2011 was still lower than the S$8.1 billion in Q1 2011 and S$9.0bn in Q2 2011 as the slowing economy which impacted investor sentiment in Q3 2011 continued to affect investors in Q4 2011.

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