Residential investment sales surge 90.1% in Q3

Victor Kang18 Oct 2019

IMF Singapore property foreign buyer

However, residential investment sales for this year is expected to fall 55 percent from last year’s record level, due to a weaker en bloc market. 

Singapore saw residential investment sales increase 90.1 percent quarter-on-quarter and 4.7 percent year-on-year to $3.1 billion in the third quarter of 2019, revealed a Colliers International report.

This brings the overall volume for the first nine months of the year to $5.8 billion.

Public land sales accounted for the bulk of the sales at 62 percent, as four sites – Tan Quee Lan Street, Clementi Avenue 1, one-north Gateway and Bernam Street – valued at a combined $1.9 billion were awarded to developers.

The residential investment volume was also boosted by luxury home sales, which include good class bungalows (GCBs).

Transactions for this segment rose 62.4 percent quarter-on-quarter and 53.8 percent year-on-year to $1.1 billion in Q3.

Notable deals in included James Dyson’s acquisition of a super penthouse and a GCB for over $100 million.

But given the weaker en bloc sale market, residential investment sales for this year is expected to fall 55 percent from last year’s record level, before rebounding from 2020 onwards.

The report noted that Singapore real estate remained resilient despite the heightened global uncertainties and macroeconomic headwinds.

In fact, real estate investment sales in the city-state soared 53.7 percent quarter-on-quarter to $11.2 billion in Q3.

“Amid unprecedented levels of uncertainty in the global environment, Singapore remains firmly on investors’ radar owing to its growth potential, stable government, and pro-business policies,” said Tricia Song, head of research for Singapore at Colliers International.

With this, Song expects total investment sales for the whole of 2019 to hit $33.8 billion, which is on par with that of 2018.

Home buyers looking for Singapore Properties may like to visit our ListingsProject Reviews and Guides.  Also read more about the hottest areas to live in with PropertyGuru’s AreaInsider


Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email


You may also like these articles

Private residential project launches rose 23.1% in Q2

Developers launched 16 new private residential projects in the second quarter of 2019, up 23.1 percent from the 13 projects registered in the first quarter or one of the highest quarterly figures sinc

Continue Reading23 Aug 2019

New non-landed home sales post 84.8% surge in Q2

Including sub-sales and resales, non-landed home sales grew 55.4 percent to 1,717 units from 1,105 units.Amber Park, the Tre Ver, Parc Esta, Sky Everton, and Stirling Residences have become the top-se

Continue Reading1 Oct 2019

New home sales hit a 14-month high in September

Developers sold 1,270 private homes in September, driven by several new launches, including Avenue South Residence, which sold 361 units.    With developers revving up launches following the Hungry

Continue Reading16 Oct 2019