Singapore real estate investment in 2021 totals $25.8 billion, up 5.3% y-o-y

EdgeProp Singapore

January 6, 2022

According to the latest quarterly investment report by Knight Frank Singapore, the last quarter of 2021 raked in $7.3 billion worth of real estate investment volume. This brought the total investment volume for the entire year to $25.8 billion and is a 5.3% y-o-y increase from the $24.5 billion that was recorded in 2020.

The bulk of investment transactions in 4Q2021 came from the residential segment which closed about $2.8 billion worth of transactions.

The Knight Frank report highlights that some notable residential deals last year include the sale of a penthouse at Les Maison Nassion from $75 million ($6,201 psf) in October, and the sale of a Good Class Bungalow (GCB) in the Kilburn Estate GCB area that was reportedly sold to crypto billionaire Zhu Su for $48.8 million.

Pause on resurgent collective sale market

On the back of a dwindling supply of unsold new private residential units in the market, the collective sales market started to gain some momentum in 4Q2021. Five en bloc deals were successfully closed during these three months.

This includes the sale of Peace Centre and Peace Mansion for $650 million to a joint venture (JV) led by Chip Eng Seng, SingHaiyi, and KSH. Watten Estate Condominium was also sold for $550.8 million to a JV comprising UOL and Singapore Land.



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