Sentiment in Singapore’s office market is starting to lift as Asia Square Tower 2 sells to Capitaland Commercial Trust for S$2.09 billion,
Singapore’s real estate sector dominated M&A transactions in the first half of 2017 as a recent softening of prices prompted increased local demand.
The recent spate of high-profile land sales and enbloc deals in Singapore has many investors and watchers speculating that the residential market might be thawing.
Singapore’s property investment sales may hit a three-year high this year as deal momentum remains positive.
Singapore has raised taxes or so-called development charges (DC) on sites for commercial, non-landed residential and for hotel or hospital use.