Singapore property investment sales up 24.8% in Q3 on US rate cut anticipation

Quick Summary:

In the residential sector, however, sales fell 24.7 per cent quarter on quarter.

Knight Frank noted that while collective sales remain challenging, commercial and mixed-use developments will have a higher chance of success in the prevailing market conditions.

Ms Chia Mein Mein, Knight Frank’s head of capital markets (land and collective sale), said: “With developers reticent towards the larger collective sale plots, landed houses with sizeable land areas or ‘mini landed en blocs’ of several adjoining houses continue to be sought after by boutique developers, especially in prime areas, where the land size has the flexibility to be subdivided and redeveloped into multiple homes.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Sales Sector Frank Quarter Knight Property Singapore Total Cent Billion Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-08 @ 15:55:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 817 words

Reading Time: 5 minutes read

Sentences: 33 lines

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Copyright Owner: © The Straits Times

News ID: 22950958

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