The second quarter of the year registered approximately US$1.67 billion worth of

investment transactions, representing a 13.9% decrease over Q2/2013 (US$1.97 billion). Two major transactions concluded in the second quarter provide good examples of investment market trends. Firstly, the sale of the broppongi Tokyo, Japan for JPY3.50 billion (US$34.5 million) at a cap rate of 4.9% to United Urban Corporation showed that the prime yield gap has been narrowing due to further compression in core markets such as Tokyo. Secondly, the acquisition of Sofitel Wentworth Sydney by Singaporean group, Frasers Centrepoint Limited, indicated that Sydney continues to be a priority destination in the country for Asian hotel investors.

About Savills

Savills plc is a global real estate services provider listed on the London Stock Exchange. We have an international network of more than 500 offices and associates throughout the Americas, the UK, continental Europe, Asia Pacific, Africa and the Middle East, offering a broad range of specialist advisory, management and transactional services to clients all over the world. Our people combine entrepreneurial spirit and a deep understanding of specialist property sectors with the highest standards of client care. For more information visit http://www.savills.com.sg. 

Serene Lim
+65 6415 7579
Savills Singapore

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