SINGAPORE (May 22): Commercial property deals in Asia had a poor start to the year, but there was one bright spot: Singapore.
Commercial property transactions in the city-state jumped 72% year-on-year to US$1.9 billion ($2.6 billion) in the quarter ended March 31, boosted by deals in the office, retail and industrial sectors, according to a report by New York-based Real Capital Analytics Inc. Office transactions accounted for the bulk of the activity as investors sought to lock in higher rents.
