Business Immo, the real estate website
Property Times

Singapore : Mixed outlook across all sectors - Q3 2014

Published on

A research produced by DTZ

Singapore : Mixed outlook across all sectors - Q3 2014

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

This research is available only to BI or BIE subscribers

Please log in, or contact us to find out how to subscribe

Keywords : DTZ