Commercial property sales in Singapore hit massive $2.2bn for last quarter 2018

Singapore commercial property sales hits new highs. Office sales mainly dominated by institutional investors and funds. Retail investors should use commercial brokers to level the playing field.

Singapore, Singapore – January 4, 2019 /PressCable/ —

A recent report by Colliers International showed buying commercial property in Singapore by institutional investors and REITs jumped 47.4% quarter on quarter. The report stated that they were the key players for all the major commercial office sales in Q3 and it has been fore casted that this will continue to grow in the following quarter.

Colliers also reported that commercial properties will continue to appeal to investors in the longer term, as they are supported by the Singapore office rental market recovery and demand for steady income yields in a safe asset. More and more overseas investors are also favouring Singapore’s commercial properties as the prices in other countries such as Hong Kong, Shanghai and London, continue to climb, making Singapore’s market seem like a value buy.

Local business newspaper, The Business Times, reports some of the more notable commercial office sales for 2018. OUE downtown was sold to OUR commercial REIT for $908m, 70% stake of retail component Westgate sold to Capitaland Mall Trust for $789.6m and 55 Market Street sold to AEW for $216.8m.

Commercial office sales have always been dominated by the large funds and REITs as they have the financial muscle to buy good quality offices in bulk. The high barriers to entry leaves the retail investor and end-user with not much choice due to the extremely limited supply of quality strata-offices in good locations. Some examples of good quality strata offices are Prudential Towers, Tripleone Somerset and Plus Building.

Another reason why retail investors find it hard to navigate the commercial property segment is also because of lack of information. Dalen Chee, commercial broker and owner of 1 Commercial Space, feels that the best way the retail investor can level the playing field is to engage a dedicated commercial broker. He says: “Commercial property sales and rental transactions info are not readily available to the public, hence getting a commercial broker is imperative for the retail investor. We have managed to help our clients get their dream offices due to our strong network, extensive inventory and real-time transactional info. “

For more info on 1 Commercial Space and their commercial office sales services, please visit their website at www.1commercialspace.com

Contact Info:
Name: Dalen Chee
Organization: 1 Commercial Space
Address: 229 Mountbatten Road, Singapore, singapore 398007, Singapore
Phone: +65-9695-2550
Website: http://www.1commercialspace.com

Source: PressCable

Release ID: 465597