Investment property sales set to return to pre-Covid-19 levels

Cushman & Wakefield has projected total investment property sales for this year to be in the range of $18 billion to $20 billion. ST PHOTO: CHONG JUN LIANG
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Property investment volume in Singapore is expected to return to pre-Covid-19 levels this year as the vaccination programme is gradually rolled out amid optimism for overall economic growth, Cushman & Wakefield said in a report last Friday.

The commercial real estate services firm projected total sales for this year to be in the range of $18 billion to $20 billion as investors "stand ready" to put out more capital in anticipation of growth and better returns, which will aid the recovery of the investment sales market.

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