Real estate investments in Asia Pacific reach record-breaking heights

It rose by 24%YoY.

CBRE, in a release, reported that total real estate investment turnover in Asia Pacific for 2013 reached US$90.4 billion, a rise of 24% year-on-year and the highest figure recorded since CBRE began collecting data in 2005.

Despite the record total reached last year, and various concerns ranging from high pricing to slower economic growth, a majority of respondents indicated that they will continue to commit more capital to the Asia Pacific real estate market, with 64% expecting their purchasing activity to be higher than in 2013.

Here's more from CBRE:

Investors were not without concerns, however. Respondents identified economic slowdown or weakness as the biggest concern around property investing in 2014 (23%), along with the perception that property has become overpriced (21%) and the effects of US tapering and rising interest rates (17%).

“Despite some obstacles and threats, investors generally retained a positive outlook towards the Asia Pacific region’s longer term prospects. Investors are not just planning to commit more capital to the region, they are looking to commit substantially more," said Mr. Greg Penn, Managing Director, Capital Markets Asia for CBRE.

"The attractiveness of Asia Pacific as a region persists as a result of economic growth levels that remain higher than global averages, long-term demand for quality commercial property and rapid urbanization,” he added.

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