Property investment sales in Singapore grew to S$2 billion (about HK$9.3 billion) in the third quarter, from $1.69 billion in the second quarter, on brisk residential trade, according to CB Richard Ellis.
This brought the level of private investment sales to $4.5 billion for the first nine months - back to pre-crisis levels - it said.
Residential sales continued to dominate investment activities, accounting for 76.4 per cent of deals.
The consultant said residential land sales would add $700 million to total sales in the final quarter.
Along with likely sales of big commercial properties and other sales, total private investment sales could be close to the $6 billion seen in 1996, it said.
The third quarter had seen keen bidding by developers for private residential development sites, triggered by the strong recovery of home prices on fresh demand.
