Investment sales in 2Q2013 rose 6.7% q-o-q to hit $5.7 billion. It was largely bolstered by several big-ticket deals towards the end of the quarter, including PoMo, Robinson Point and Park Regis Singapore, which were sold for $366 million, $348.9 million and $250 million respectively.
Hotel deals rose five-fold q-o-q to $864.3 million in 2Q. Hotels that changed owners over the last quarter besides Park Regis Singapore include Park Hotel Clarke Quay, Rendezvous Grand Hotel and Berjaya Hotel. About $865.2 million worth of deals were done in mixed-use developments including PoMo and the sale of a 25% equity stake in Jem by Lend Lease. Combined, hotel and mixeduse investments accounted for close to 50% of private sector investment activity in 2Q. Deals in the office sector contributed to another $843.7 million and besides Robinson Point, other office buildings that changed hands included Bright Chambers and 135 Cecil Street.
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