Property deals in Singapore rise to reach USD5.6bn in Q2

Real estate investment volume in Singapore rose 74% to reach USD5.6bn in Q2 – the highest tally ever for a single quarter. Singapore is the only economy in Asia Pacific to register a record-high level of investment in H1 of the year where the overall transaction volume stood at USD7.8bn, up 53% year on year. Real estate investment in the Asia-Pacific region fell 24% on the year to USD45.1bn in Q2, dragged by higher borrowing costs and economic headwinds, according to the MSCI report. MSCI head of Asia real assets research Benjamin Chow said that while the broader regional slowdown has largely been attributable to a fall-off in smaller deals, Singapore’s institutionally-dominated market has shrugged off the macroeconomic headwinds.