
Singapore property investment volume jumps 60% to SGD6.5b in Q1
Thanks to the boost from GLS tenders.
According to a recent report by Colliers, during Q1 2025, investment volume amounted to approximately SGD 6.5 billion, including several Government Land Sales (GLS) tenders which accounted for SGD 2.8 billion, or 42.9% of the quarter's total investments.
Here’s more from Colliers:
Investments for the quarter declined 7.3% QoQ but grew 60.1% YoY due to the boost from GLS tenders. Without GLS, investment volume would have declined by 35.7% and grown by 36.4% YoY.
Excluding GLS deals, investment sales during the quarter was supported by the Retail (33.7%), Residential (29.9%) and Others (21.0%) sectors.
With global uncertainties and the absence of meaningful yield compression, investors could focus on income-driven strategies such as repositioning older assets or optimising rents.
For 2025, we anticipate investment sales to be around 10 to 20% higher than 2024, coming in at between SGD 29 to SGD 32 billion.
During the first quarter of 2025, Singapore’s real estate market remained resilient, though its performance was driven by public land sales from the government. Private transactions were driven by long-term strategic goals, including asset consolidation and asset enhancement initiatives, rather than a broad-based increase in investment demand.
With the absence of meaningful yield compression as a lever, investors are shifting their focus toward income-driven strategies. Value-add and opportunistic plays are gaining traction, as buyers target older, under-managed assets with potential for repositioning and rent optimization. Singapore remains a relatively safe and resilient market, but investors will need to adapt to tighter yield spreads, subdued occupier demand and volatility globally through creative, active asset management strategies.
Mr Tan Boon Leong, Executive Director, Co-Head, Investment Services Singapore at Colliers says, “The macroeconomic climate could weigh on investment and occupier sentiment in the near term. However, despite growing global economic uncertainty—including the specter of trade wars and volatile policy shifts—Singapore remains well-positioned as a safe haven for capital.”
Ms Catherine He, Head of Research, Singapore at Colliers adds, “Selective investment opportunities – particularly in redevelopment, value-add plays, and alternative assets have risen in appeal due to their structural tailwinds, favourable market fundamentals as well as a means of diversification.”