Investment by Family Offices in Commercial and Residential Property Pre- and Post-COVID-19 Pandemic

Debated in Parliament on 9 Jan 2023.

Summary written by AI (learn more)

Desmond Choo asked the Minister for National Development for the total investment by family offices in commercial and residential property from 2020 to 2022 and how it compares to the three years before the COVID-19 pandemic.
The Minister responded that over the past six years, there were only four commercial property transactions and no residential property transactions by family offices.
These commercial purchases accounted for approximately 0.04% of the total commercial property transaction value over the six-year period.

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Desmond Choo

Mr Desmond Choo asked the Minister for National Development (a) what is the total investment by family offices from 2020 to 2022 in commercial and residential property; and (b) how is this compared to the three years before the COVID-19 pandemic.

Desmond Lee

Based on available data, there were only four commercial property transactions and no residential property transactions attributable to family offices over the past six years. These purchases form around 0.04% of the total commercial property transaction value over the past six years.

Summary written by AI (learn more)

Desmond Choo asked the Minister for National Development for the total investment by family offices in commercial and residential property from 2020 to 2022 and how it compares to the three years before the COVID-19 pandemic.
The Minister responded that over the past six years, there were only four commercial property transactions and no residential property transactions by family offices.
These commercial purchases accounted for approximately 0.04% of the total commercial property transaction value over the six-year period.

Questions identified by AI (learn more)

Investment by Family Offices in Commercial and Residential Property Pre- and Post-COVID-19 Pandemic | PAPERCUTS

Investment by Family Offices in Commercial and Residential Property Pre- and Post-COVID-19 Pandemic

Debated in Parliament on 9 Jan 2023.

Summary written by AI (learn more)

Desmond Choo asked the Minister for National Development for the total investment by family offices in commercial and residential property from 2020 to 2022 and how it compares to the three years before the COVID-19 pandemic.
The Minister responded that over the past six years, there were only four commercial property transactions and no residential property transactions by family offices.
These commercial purchases accounted for approximately 0.04% of the total commercial property transaction value over the six-year period.

Questions identified by AI (learn more)

Full Transcript

Desmond Choo

Desmond Lee

Summary written by AI (learn more)

Desmond Choo asked the Minister for National Development for the total investment by family offices in commercial and residential property from 2020 to 2022 and how it compares to the three years before the COVID-19 pandemic.
The Minister responded that over the past six years, there were only four commercial property transactions and no residential property transactions by family offices.
These commercial purchases accounted for approximately 0.04% of the total commercial property transaction value over the six-year period.

Questions identified by AI (learn more)

Investment by Family Offices in Commercial and Residential Property Pre- and Post-COVID-19 Pandemic

Summary

Questions Identified

Full Transcript

Desmond Choo

Desmond Lee

Summary

Questions Identified

Investment by Family Offices in Commercial and Residential Property Pre- and Post-COVID-19 Pandemic

Summary

Questions Identified

Full Transcript

Desmond Choo

Desmond Lee

Summary

Questions Identified