Savills Singapore has increased its 2026 investment sales forecast to a range of S$35b to S$40b, up from S$34b, citing strong market performance and continued capital inflow. In the first quarter of 2026, investment sales surged to S$11.48b, marking a 3.5% increase from the previous quarter and a 95.4% rise year-on-year. This represents the highest quarterly sales since 2013, driven by developers replenishing land banks and a revival of private capital.
The office and retail sectors are expected to remain resilient through 2026, supported by stable income profiles and improved investor sentiment in a low-interest-rate environment. Key transactions in Q1 included the sale of 78 Shenton Way for S$600m to S$630m and Bukit Panjang Plaza for S$428m, indicating renewed confidence in these assets.
The industrial sector also saw significant growth, with investment sales reaching S$2.94b, a 38.1% increase from the previous quarter. Notably, UI Boustead REIT launched its IPO with a portfolio of 23 assets valued at approximately S$1.36b.
Jeremy Lake, Managing Director of Investment Sales & Capital Markets at Savills Singapore, expressed optimism for continued strong investment activity, citing genuine market participants and low borrowing costs. Alan Cheong, Executive Director of Research and Consultancy, highlighted Singapore’s position as a stable market likely to attract increasing investment despite global uncertainties.
