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Based on advanced estimates by the Ministry of Trade and Industry (MTI), the Singapore economy grew moderately by 2.4% year-on-year (y-o-y), and 1.2% quarter-on-quarter (q-o-q) in Q3, with positive growth seen in both the services and manufacturing sectors.
Boosted by REIT acquisitions, real estate investment activity increased by about 15.4% q-o-q to $5.5bn, bringing total investment volume in 2014 to-date to $15.3bn. Property companies were net sellers in Q3, where the bulk of their divestments stemmed from the injection of their properties into REITs.
Source : DTZ
