Despite the global economic uncertainties in 2011 compared to healthier economic conditions in 2010, real estate investment sales in 2011 managed to surpass the investment amount in 2010. S$28.6 billion (US$22.2 billion) of investment deals was recorded in 2011, slightly more than the S$27.9bn concluded in 2010. This is based on deals tracked by DTZ, part of UGL Services, a division of UGL Limited (ASX: UGL).
The increase in real estate investment sales in 2011 was largely due to an increase in sales of land sites and properties by the government, as government sales increased by 28.8 per cent year-on-year (YOY) which more than offset the 12.7 per cent YOY fall in investment sales originating from the private sector. Full story
