SINGAPORE PRESS-Investment sales of property remain sluggish in Q1 ...

Investment sales of Singapore property, which cover big-ticket

deals of at least S$10 million ($7.9 million), have continued to

languish in the first quarter, according to separate figures

from CBRE and Savills.

Deals originating from the public sector accounted for the

lion’s share of transactions – the first time this has happened

in nearly three years.

This was on the back of state land sales. Sale of

residential sites under the Government Land Sales (GLS)

programme made up 49 percent of the S$3.8 billion total

investment sales volume in this quarter (up to March 21), said

CBRE. (link.reuters.com/tuj87v)

NOTE: Reuters has not verified this story and does not vouch

for its accuracy.

($1 = 1.2713 Singapore Dollars)

(Compiled by Rujun Shen; Editing by Anand Basu)

SINGAPORE PRESS-Investment sales of property remain sluggish in Q1 ...