With 143 deals worth 18.7 billion USD recorded in the first half of this year, Singapore outpaced Malaysia and Indonesia to become a stand-out performer in the region.

American Appraisal, a global valuation and advisory firm, said that deal making in Singapore fell slightly compared to the same period last year, which notched up 179 deals valued at 22 billion USD.

Mergers and acquisitions made up a bulk of the activities with 116 deals valued at 17.5 billion USD, while private equity (PE) and venture capital (VC) numbered 21 worth 442 million USD, nearly 90 percent of the region's total deal value in the PE and VC space.

Initial Public Offerings (IPO) on the Singapore Exchange was a pale spot, with only six listings worth 694 million USD.

Srividya Gopalakrishnan, American Appraisal’s Managing Director, expects deal activity over the second half to click higher if the ongoing take-over offers materialise, including OCBC's takeover of Wing Hang Bank and Frasers Centrepoint Trust's offer for Australand Property.

She also hopes that IPO activity will pick up over the next few months.-VNA