Singapore’s investment market has shown resilience in the face of global uncertainties, with a significant rebound in Q2 2025. According to a report by Colliers, investment sales increased by 14.7% quarter-on-quarter, reaching $5.6b ($7.6b). This growth was primarily driven by large portfolio transactions, commercial deals, and the privatisation of Paragon REIT.
Government Land Sales (GLS) played a notable role, contributing $1.2b ($1.6b), or 21.2% of the total investment volume. Excluding GLS, the industrial sector led the activity with 26%, followed closely by retail and mixed-use sectors, each accounting for 23%.
Steven Tan, Executive Director and Co-Head of Investment Services at Colliers, noted, “Singapore’s real estate market remains resilient, with stable prices and rents. The outlook for 2025 remains positive, albeit with a more selective and strategic approach from both developers and investors.”
Colliers forecasts that full-year 2025 investment sales will reach between $21.4b and $23.6b ($29b and $32b), marking a 10–20% increase year-on-year. Catherine He, Head of Research at Colliers, highlighted that liquidity is a key priority for both buyers and sellers, with a focus on assets offering income resilience and lower exposure to external shocks.
The report underscores continued investor confidence in Singapore’s real estate market, despite global headwinds. Looking ahead, investors are expected to focus on core, core-plus, and value-add strategies, particularly where temporary market dislocations present pricing advantages.
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