Best quarterly showing for Singapore’s commercial property market
The Straits Times|August 11, 2022
Deal volume up 74% to $7.7 billion in 3 months to June, defying a regional decline as global investors flock here
Ovais Subhani
Best quarterly showing for Singapore’s commercial property market

Singapore racked up its best quarter ever for commercial property deals to defy a sharp region-wide decline, noted a report yesterday.

Deal volume here climbed 74 per cent to US$5.6 billion (S$7.7 billion) in the three months to June 30, a record level for a single quarter, as institutional investors piled in.

The report from MSCI Real Assets, a part of index compiler MSCI, showed investment across the region totalled US$45.1 billion, a 24 per cent decline from the same quarter in 2021.

MSCI said this drop was led by a sharp fall in trades of individual properties, which totalled only US$33.1 billion, compared with an average of around US$40 billion a quarter for most of last year.

“Singapore was the star in the Asia-Pacific’s gloomy second quarter,” said MSCI, which based its report on sale and purchase data of office, retail, industrial, hotel, apartment and senior housing properties.

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