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Collective sales hit $2.65b, but face speed bump
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The $650 million sale of mixed-use project Peace Centre/Peace Mansion (pictured) was the largest deal by quantum this cycle.
PHOTO: JLL
SINGAPORE - The collective sale market has defied the trials and tribulations of the pandemic over the past 12 months but the road ahead just got a lot bumpier, thanks to a new round of property cooling measures.
The numbers underscore the fact that 2021 has certainly had its moments: 10 collective sale sites worth around $2.65 billion have been sold to developers so far this year, compared with deals totalling just $127.3 million last year, JLL noted.
