Singapore real estate investments hit record high of $13.3 billion in Q3
INVESTMENTS from the private sector helped push real estate investment activity to a record high of $13.3 billion in the three months to September.
This was higher than the previous record of $12.4 billion in the same period four years ago, said a DTZ report on Thursday.
Real estate investment activity includes the sale of land, buildings and multiple residential or commercial units worth at least $5 million each.
Private sector acquisitions made up 70 per cent of investment activity in the last quarter, as three real estate investment trusts listed on the Singapore Exchange. This saw $3.1 billion worth of investments into mixed-use developments and $2.8 billion into hotels, said DTZ.