Property investment sales could hit $46b this year: Colliers

The five largest transactions in the first quarter were all residential collective sale deals, including Pacific Mansion, which sold for $980 million.
The five largest transactions in the first quarter were all residential collective sale deals, including Pacific Mansion, which sold for $980 million.ST PHOTO: KEVIN LIM

Residential segment main driver in Q1; market may grow further 5% to 10% next year

Fuelled by the ongoing collective sale fever and a possible upturn in other segments, the property investment sales market here could grow 15 per cent year-on-year to $46 billion this year.

This would beat 2007's $40.187 billion, according to Colliers International in a report released yesterday, and the market could grow a further 5 to 10 per cent next year.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on May 08, 2018, with the headline 'Property investment sales could hit $46b this year: Colliers'. Print Edition | Subscribe