MARKETS & INVESTING | Staff Reporter, Singapore

Asia Pacific's real estate investments rose 6% to US$157.5b in 2017

Top markets were China, Japan and Australia.

Real Capital Analytics (RCA) reported that Asia Pacific’s real estate investments increased by 6% to US$157.5b in 2017.

Despite a 6% decline to US$36.2b in acquisitions, China remained in its top spot as Asia Pacific’s largest market for income-producing property, followed by Japan (+3% to US$34.9b), Australia (-10% to US$23.8b), Hong Kong (39% to US$20.9b), and Singapore (+50% to US$15b).

Further, apartment acquisitions rose by 57% YoY to US$20.3b, whilst office sales increased by 20% YoY to US$19.1b.

Additionally, hotel acquisitions dipped by 4% YoY to US$10.9b, and office acquisitions fell by 2% YoY to US$74.7b. Retail acquisitions retained its sales at US$32.5b.

“The unwillingness of existing owners to sell and rapidly increasing prices spurred investors to move to other asset classes,” RCA said.

Meanwhile, sales of development sites also increased by 41% YoY to $644b in 2017, which were highly driven by transactions in Hong Kong and China.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.