Sg property mkt sees $8.5bn in investment activity in Q1
Investment activity in Singapore’s property market remained upbeat in the first quarter, despite uncertainties arising from the instability of global financial markets.
A report from property consultancy CB Richard Ellis said 8.5 billion dollars’ worth of investment transactions were recorded here over the first quarter.
CBRE said property market investment activity was underpinned by Singapore’s positive longer-term outlook despite the uncertainty of the global economic environment.
The report added that Singapore’s position as a financial hub and popular location for MNCs, and the equilibrium of supply and demand in its office market, are expected to sustain a healthy level of investment activity.
Source: 938 Live
Filed under: About Singapore, General, Investment, Property News
idealresidence