Here’s our summary of the important residential, commercial and industrial news this week. We hope this helps you to save time catching up on the news!

RESIDENTIAL

Q2 property investment sales likely to drop to $7.3 billion: Savills

Total property investment sales decreased from approximately $8.3 billion in Q1 to possibly $7.3 billion in Q2. Deals that involved GLS sites, however, increased by 38% to $4.2 billion in Q2. The top 3 investment sales transactions in Q2 to date are a $969 million sale of a Jurong Gateway site, $585.6 million sale of a Paya Lebar commercial plot, and $543 million sale of a private housing site at Bendemeer Road. Savills is positive that investment sales will improve in Q3 due to fresh capital from investors.

Top Global unit bought Braddell Park at $85 million; Brookvale Park up for collective sale with asking price of ...