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Commercial property investment in Asia Pacific hits $81bn in 1H 2018

According to JLL, investment volumes in Asia Pacific hit a record-breaking $81bn in the first half of 2018, up by 30% year-on-year.

Hong Kong led the way as the region's most active city and among the top three most liquid markets worldwide with transaction volumes hitting $14.6bn.

“Asia Pacific's property markets continue to perform well despite global political and economic uncertainty,” said Stuart Crow, head of Asia Pacific capital markets at JLL. He added: “Globally, the pace of deal making in Asia Pacific has raced ahead of Europe and the US, as transaction volume growth in this region is being supported by a continued cyclical recovery in developed markets such as Hong Kong, Australia and Japan.”

Hong Kong not only took the top spot as the region's most active city, but also jumped to third on the list of the world's most liquid markets after London (1st) and New York (2nd) following the sale of 73-storey office tower The Center for $5.1bn. Not only was it the largest single-asset transaction of the year so far, but is also the world's most expensive real estate transaction ever, according to Bloomberg.

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