SUBSCRIBERS

Singapore real estate transactions double quarter-on-quarter in Q3: JLL

Signs of recovery seen as sales in Asia-Pacific climb 35 per cent, driven by China, South Korea and Japan

Nisha Ramchandani

Published Wed, Nov 4, 2020 · 09:50 PM

Singapore

SIGNS of recovery were seen in the third quarter with real estate transactions in the Asia-Pacific gaining 35 per cent quarter-on-quarter, while volumes about doubled in Singapore.

However, according to a report by real estate consultancy JLL, transaction volumes in the region were still down 19 per cent year-on-year at US$35 billion. Similarly, at US$2.89 billion, volumes in Singapore were 57 per cent lower vis-a-vis a year ago.