[SINGAPORE] Non-residential deals will continue to drive investment activity in Singapore for the rest of this year, given faltering sales in the tepid private residential market, DTZ said in a report yesterday.
The report found that overall real estate investments fell around 11 per cent from the previous quarter to $4.4 billion in Q2.
And although non-residential investments (particularly offices) drove the volume, they too fell 6 per cent to $2.9 billion on muted transactions in the hospitality and mixed-use sectors.
At least six big-ticket non-residential property deals were concluded in Q2.
Non-residential deals to remain active in H2