Real estate investment sales in Singapore expected to hit up to S$25b in 2024

More activity is projected to take place in the second half of the year.

Analysts expect that Singapore’s hospitality and retail sectors will do better as tourism numbers pick up. According to a Knight Frank report, commercial shophouses that are not liable for ABSD will continue to be in demand due to its rarity. 

Investors will also be on the lookout for core and core-plus assets in the industrial sector, with the nascent return of positive business sentiment in manufacturing.

Collective sales will continue to be challenging, with success factors hinged on favourable site locations with attractive development parameters, and a reasonable price tag.

“For the rest of 2024, the capital markets space is expected to get better, with more activity anticipated in the second half of the year pending interest rate cuts. As such, the total investment sales for 2024 is projected to range between S$23 billion and S$25 billion,” the report said.