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The number of Singaporean property sales has multiplied by 16 times
The number of Singaporean property sales has multiplied by 16 times
March 25, 2010Upon the results of Q1 2010, activity in the segments of commercial and residential property in the city-state has increased, amid the restoration of Singapore’s economy.
The sales volume of state-provided land has totaled $665 million, reports with reference to the CB Richard Ellis consulting agency. The sales have reached $768 million in the sector of commercial property.
Over the specified period, property totally worth $3 billion has been sold in Singapore, which exceed the indicators of the same period in 2009 by 16 times.
According to the forecast by Jeremy Lake, a CB Richard Ellis expert, by the end of the year, the total amount of property transactions in the city-state will exceed $10 billion
We would like to remind you that housing sales in the city-state, according to a joint study prepared by the Singaporean Office of Urban Development and the DTZ consulting company, have soared by 130% in 2009.
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