Written answer by MND on investment by family offices in commercial and residential property pre- and post-COVID-19 pandemic

Jan 9, 2023

Question No: 4007

Question by: Mr Desmond Choo

To ask 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.

Answer:

          Based on available data, there were only 4 commercial property transactions and no residential property transactions attributable to family offices over the past 6 years. These purchases form around 0.04% of the total commercial property transaction value over the past 6 years.