Singapore resi investment hits four-year record

Singapore residential investment sales hit a four-year record in 2011 as the transactions from the Government Land Sales (GLS) programme surged.

S$10.7 billion was ploughed into residential sales in the city-state, the highest number since 2007. This made up 37.5% of all property investment sales.

An increase in land site and property sales by the government was a key factor in the investment surge, said DTZ.

S$28.6 billion-worth of transactions worth over s$5 million or more were made in 2011, according to DTZ, slightly higher than the s$27.9 billion figure posted in 2010.

Source:  OPP.org.uk