Asia Pacific commercial real estate transaction volume totalled US$ 34 billion in Q3 2019, an increase of 17% q-o-q. The figure was supported by the completion of several large and related-party transactions.
Ongoing sociopolitical unrest in Hong Kong continued to weigh on investment sentiment. Both local and foreign investors turned more prudent. Foreign investors were also less active in China.
Japan saw steady purchasing by J-REITs and property companies, while Australia continued to enjoy strong interest from Asian capital.
Investor confidence in Singapore’s office market remains strong, with several major Grade A office assets changing hands. Foreign interest in India is rising after the country’s first REIT appreciated by 35% since its listing in March.