Real Estate Investment

Real Estate Investment in Singapore grew to a new record in Q3 2013. The figures now reach S$13.3 billion which is 8% more than than the previous record of S$12.4 billion set in Q3 2007.

The figures include transactions above S$5 million but excludes S$734 million of transactions in single residential plots or units that cannot be subdivided into more than one unit. These figures need to be excluded as it is usually a one-time transaction that distorts the statistics.

The above statistics include investments in property by the private sectors. It accounts for more than 70% of the private property transactions. The figures include statistics from major hotel deals which saw Mandarin Orchard, The Grand Park Orchard and The Sentosa Resort and Spa exchange hands.

Despite the introduction of the new TDSR framework, public sectors investment soar a hefty 80% quarter-on-quarter to $4.0 billion in Q3. A gentle note this includes the sales of government plots under the GLA sites which is 37% of total public sector investment activity.

The above statistics seems that the TDSR framework might not have much impact on the sales at The Hillford Condo given that statistics represent a huge portion of the property investment atmosphere in Singapore. The Hillford condo is a new development launched by World Class Land. Given that the price might be significantly lower compared to other condos in the vicinity, many buyers should be going at this condo for investment.

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