# Singapore real estate investments cross $30 bil in 1H2026, bolstered by commercial deals - **Source:** EdgeProp Singapore - **Published:** 2026-07-06T07:55:13.000Z - **Author:** Atiqah Mokhtar - **Original:** https://www.edgeprop.sg/property-news/singapore-real-estate-investments-cross-30-bil-1h2026-bolstered-commercial-deals - **Topics:** Commercial & Industrial, Transactions & Deals, Investment & Capital Markets ## Featured rationale Strong commercial activity, lower interest rates and resilient occupier demand signal sustained investor preference for income-producing assets and could broaden transaction activity across sectors in 2H2026. ## AI summary Singapore real estate investment sales reached $31.1 billion in 1H2026 by Knight Frank’s measure, including $15.1 billion in 2Q2026, led by $8 billion of commercial deals. ## Original article The Singapore real estate investment market saw steady momentum in 2Q2026, despite heightened global uncertainty due to geopolitical conflicts. Investment activity was supported by lower interest rates and resilient occupier demand, added analysts in separate research reports published in July. According to Knight Frank Singapore, real estate investment sales hit $15.1 billion in 2Q2026. The figure is roughly on par with the $16.1 billion sales recorded the previous quarter, and brought total sales for the first half of the year to $31.1 billion. “The strong investment activity in the first six months of the year reflects Singapore's ever-increasing appeal as a ‘Switzerland of the East’, with investors favouring assets that offer recurring income and long-term value, especially in the commercial, industrial, hospitality and living sectors,” said Galven Tan, CEO of Knight Frank Singapore. Read also: Asia Pacific real estate investors eye well-located assets; supply-demand imbalance offers opportunities: analysts Meanwhile, Cushman & Wakefield’s analysis tabulated an investment volume of $35.2 billion for 1H2026. “The first half of 2026 exceeded expectations for Singapore’s real estate market, with improving capital market conditions reinforcing resilient occupier demand across multiple sectors,” said Wong Xian Yang, the firm’s head of research for Singapore and Southeast Asia. Commercial deals lead sales Investment sales were led by commercial deals, which totalled $8 billion in 2Q2026, according to Knight Frank. This marks the third consecutive quarter commercial transactions have made up the majority of sales. Major transactions last quarter included CapitaLand Integrated Commercial Trust’s (CICT) sale of Asia Square Tower 2, an integrated development in Marina Bay, to IOI Properties Group for $2.48 billion, along with CICT’s $3.9 billion purchase of Orchard Road development Paragon. Top transactions in 2Q2026 Based on Cushman & Wakefield’s research, commercial investment sales made up 50.7% of total sales volume for the first six months of the year, or around $17.8 billion. This marks a significant jump from the same period the year before, when commercial deals accounted for 23.8% of total volume. Cushman & Wakefield highlighted renewed investor interest in Singapore office and retail assets amid tighter supply. “As of 1Q2026, Singapore office and retail property spreads have exceeded prepandemic levels which is further supported by still-low borrowing costs,” it added. Knight Frank noted that prime office assets continue to attract capital due to their ability to generate stable recurring rental income. This is supported by the tight supply of quality office space in the CBD. Read also: Savills Singapore bumps up 2026 investment sales forecast on strong momentum Residential deals bolstered by Loyang Valley sale Residential investment deals were the second largest contributor to 2Q2026 sales, at $5.3 billion, based on Knight Frank data. Government land sales (GLS) made up the majority of investment activity, with five private residential sites and one executive condo (EC) site awarded for a total of $3.2 billion. The residential segment also saw the sole collective sale of the quarter — Loyang Valley, a residential development in Pasir Ris that was purchased by a SingHaiyi Group-led consortium for $880 million in April. The deal is the largest residential site sold en bloc since Thomson View in 2025, according to Cushman & Wakefield. The 206-unit condo on Bright Hill Drive was snapped up by UOL Group, Singapore Land Group and CapitaLand Development for $810 million last October. Including the Loyang Valley sale, total residential land sales — encompassing GLS and en bloc sites — have already reached around 78% of the full-year year figure for 2025, Cushman & Wakefield pointed out. To that extent, the firm anticipates 2026 residential land sales to exceed last year’s amount. Hotel and industrial activity The living and hospitality sectors recorded $1.2 billion worth of capital market deals in 2Q2026. The transactions underscore sustained investor appetite for Singapore hotel assets, added Knight Frank. The largest transaction last quarter was the sale of the 575-key Crown Plaza Changi Airport for $500 million ($869,565 per key) to a joint venture between OUE and Japanese financial services company Tokyo Century. Read also: Singapore real estate investments up 10% q-o-q in unusually robust 1Q2026: Knight Frank Other hotel deals included CapitaLand Ascott Trust’s sale of Robertson House by The Crest Collection, a 336-unit luxury hotel on Unity Street, for $360 million ($1.1 million per key), along with the sale of the 272-room Orchid Hotel on Tras Link for $273 million ($1 million per key). On the other hand, the industrial sector saw slower performance last quarter, with investment sales falling 80.8% q-o-q to $643.7 million, Knight Frank’s data showed. However, Cushman & Wakefield highlighted a rebound in industrial collective sales in the first half of the year, following muted activity in 2025. This included the en bloc sale of Kewalram House, a 99-year leasehold private industrial property in Bukit Merah, to Soon Hock Enterprise Holding for $120.51 million in March. “A steady wave of industrial en bloc activity continues to thrive, fuelled by developers actively acquiring sites to replenish their land banks for strata sales,” said Cushman & Wakefield. Full-year sales of around $40 billion Cushman & Wakefield expect the real estate investment market to continue picking up steam in the second half of the year. “While geopolitical developments will continue to shape sentiment, the combination of easing financing costs, limited new supply and healthy leasing fundamentals is creating a supportive environment for investment and market expansion in the months ahead," commented Wong. Shaun Poh, Cushman & Wakefield’s executive director and head of capital markets for Singapore, expects transaction activity to broaden across sectors in 2H2026, with improvements especially for the industrial, retail and private residential sectors. Building on the strong performance in 1H2026, Cushman & Wakefield are projecting full-year sales to surpass 2017’s record $36.8 billion, which would result in a new all-time high, based on its data. Meanwhile, Knight Frank is projecting 2026 investment sales to be on par with last year's record-breaking $40 billion. “In the second half of 2026, deal flow is expected to remain active in continued flight-to-safety moves, supported by favourable interest rates,” said Tan. ## Chinese translation > Translation model: grok ### 新加坡房地产投资2026上半年突破300亿新元，商业交易成主力 投资销售由商业板块强劲推动，包括2026年第二季亚洲广场第二座与百利宫的交易 尽管地缘政治冲突加剧全球不确定性，新加坡房地产投资市场在2026年第二季仍保持稳健动能。分析师于7月分别发布的研究报告指出，投资活动获利率走低与租户需求韧性支撑。 据莱坊新加坡（Knight Frank Singapore），2026年第二季房地产投资销售达151亿新元，与上一季161亿新元大致相当，上半年累计成交311亿新元。 莱坊新加坡首席执行官Galven Tan表示：“上半年强劲的投资活动，体现新加坡作为‘东方瑞士’的吸引力持续上升；投资者偏好可提供经常性收入与长期价值的资产，尤其商业、工业、酒店与居住相关板块。” 相关阅读：亚太房地产投资者青睐地段优越资产；供需失衡带来机遇：分析师 与此同时，戴德梁行（Cushman & Wakefield）统计显示，2026上半年投资额达352亿新元。该行新加坡及东南亚研究主管黄显扬表示：“2026上半年超出市场对新加坡房地产的预期，资本市场条件改善，并强化了多板块租户需求的韧性。” 商业交易领跑销售 据莱坊，投资销售由商业交易主导，2026年第二季合计80亿新元，为商业交易连续第三季占销售大头。 上季主要交易包括：凯德商用信托（CICT）以24.8亿新元将滨海湾综合项目亚洲广场第二座（Asia Square Tower 2）售予IOI产业集团；以及CICT以39亿新元收购乌节路百利宫（Paragon）。 2026年第二季主要交易 据戴德梁行研究，商业投资销售占上半年总成交额50.7%，约178亿新元，较上年同期商业仅占23.8%大幅跃升。 戴德梁行指出，在供应趋紧背景下，投资者对新加坡办公与零售资产兴趣回升。“截至2026年第一季，新加坡办公与零售物业利差已超过疫情前水平，并获仍偏低的借贷成本进一步支撑。” 莱坊指出，优质办公资产因能产生稳定经常性租金收入而持续吸引资本，并获中央商务区优质办公空间供应偏紧支撑。 相关阅读：第一太平戴维斯新加坡上调2026年投资销售预测，因动能强劲 住宅交易获洛阳谷集体出售提振 据莱坊数据，住宅投资交易为2026年第二季第二大贡献板块，达53亿新元。政府售地（GLS）占投资活动大头，五幅私人住宅地与一幅执行共管公寓（EC）地共批出32亿新元。 住宅板块亦录得本季唯一集体出售——位于巴西立的洛阳谷（Loyang Valley），4月由新海逸集团牵头财团以8.80亿新元购入。 戴德梁行称，该宗交易是自2025年汤申景集体出售以来最大宗住宅整体出售。位于光明山路的206单位汤申景，去年10月由华业集团、新地集团与凯德发展以8.10亿新元夺得。 戴德梁行指出，计入洛阳谷后，住宅土地销售（含GLS与集体出售）已约达2025年全年的78%，因此预期2026年住宅土地销售将超过去年。 酒店与工业活动 居住与酒店板块在2026年第二季录得12亿新元资本市场交易。莱坊补充，相关交易凸显投资者对新加坡酒店资产的持续兴趣。 上季最大交易为575间客房的樟宜机场皇冠假日酒店，以5亿新元（每间客房约86.96万新元）售予华联企业与日本金融服务公司东京世纪的合资公司。 相关阅读：莱坊：新加坡房地产投资2026年第一季环比升10%，表现异常强劲 其他酒店交易包括：凯德豪庭信托以3.60亿新元（每间客房约110万新元）出售位于统一街、336间客房的Robertson House by The Crest Collection；以及位于德士路口的272间客房兰花酒店以2.73亿新元（每间客房约100万新元）成交。 另一方面，工业板块上季表现放缓，莱坊数据显示投资销售环比下跌80.8%至6.437亿新元。 不过戴德梁行强调，在2025年活动低迷后，工业集体出售在上半年出现反弹，包括3月武吉美拉99年地契私人工业物业Kewalram House以1.2051亿新元整售予Soon Hock Enterprise Holding。 戴德梁行表示：“工业集体出售持续活跃，发展商积极补地库以供分层出售。” 全年销售料约400亿新元 戴德梁行预期房地产投资市场下半年将继续升温。黄显扬评论：“地缘政治仍将影响情绪，但融资成本缓和、新增供应有限与健康的租赁基本面，正为未来数月的投资与市场扩张营造有利环境。” 戴德梁行新加坡资本市场执行董事兼主管Shaun Poh预期，2026下半年交易活动将跨板块拓宽，工业、零售与私人住宅尤其有望改善。 基于上半年强劲表现，戴德梁行按其数据预测全年销售将超越2017年创下的368亿新元纪录，有望刷新历史高位。 与此同时，莱坊预测2026年投资销售将与去年破纪录的400亿新元相当。Tan表示：“2026下半年，在有利利率支撑下，资金继续流向避险资产，成交料保持活跃。”