(July 03 06:00) Sbr.com.sg
Uploaded By:
Clarist Zablan
Submitted By:
Clarist Zablan
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Despite the surge in big commercial deals, the lack of hospitality deals dragged overall volume.
Property investment volume slumped 45% YoY to $6.13b in the first half of 2020, according to data from Cushman & Wakefield. In Q2, deal volume held steady at $3.06b boosted by big ticket commercial deals.
Commercial volume surged more than tenfold to $2.02b, from $183.4m in Q1, leading to the sector accounting for 66% of Q2’s total volume. The largest deal of the quarter was Chinese e-commerce giant Alibaba Group buying a 50% stake in AXA Tower for $1.68b.
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