Market investment activity for the first quarter was 22% higher than the first quarter of 2021.
The commercial real estate market posted its highest Q1 investment activity in more than 10 years in the first quarter at $3.2 billion (US$2.3 billion), an increase of 22 % year-on-year.
With this record figure, Singapore also claimed the crown as the most traded CBD office market in Asia-Pacific in a single quarter for the first time, beating Tokyo, Sydney and Soul.
Singapore was also ranked as the fifth most active metropolis in the first quarter of 2022 in the Asia Pacific Commercial Property Market Starts 2022 report by Real Capital Analytics.
According to Real Capital Analytics, commercial real estate activity in Singapore has been boosted by “an increase in foreign capital, including buyers from Japan, Germany, Hong Kong, the UK and the US”.
“Singapore has been a magnet for cross-border investors in 2022, with offshore capital responsible for deals in the office, retail and industrial sectors. But it is the office sector where the activity has been the most concentrated,” said David Green-Morgan, AP Real Estate’s head of research.
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