Real estate investments in Singapore fell around 11 percent quarter-on-quarter to $4.4bn in Q2 2014, according to DTZ Research.
This brings total investment volume in the first half of 2014 to $9.4 billion, which was about 17 percent lower than the $11.3 billion invested during the same period last year.
Investment sales exclude $553 million of transactions in single residential units and lots which cannot be redeveloped or subdivided into more than one plot.
Real estate investment activity from April to June was led by Singapore-based investors as they contributed about 95 percent of investment activity.
However, investors from other Asian countries, such as Japanese and mainland Chinese investors, were still looking for investment opportunities in Singapore.
There was only one deal in Q2 involving cross-border participation. Japanese developer Sekisui House was part of the joint-venture with Far East Organization that was awarded the government land site bounded by Woodlands Avenue 5 and Woodlands Square.
Property companies were the largest buyers of properties in Q2, accounting for $3.1 billion, or about 71 percent of investment activity in the quarter, and continued to be net buyers.
DTZ Research expects real estate investment volume in 2014 to be around $20 billion.
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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