Source: The World Property Journal —
According to CBRE’s latest In and Out Report, offshore property investors have upped the ante in the Asia Pacific region, accounting for 41% of the $15.6 billion (USD) in office, retail, industrial and hotel property transactions finalised in H1 of 2021.
This compared to a 35% share in H1, 2020, with Singaporean investors leading the charge amid surging buyer interest in the region’s Industrial & Logistics (I&L) sector.
CBRE report author Tom Broderick noted that Australia dominated Pacific transaction activity, accounting for $14.6 billion of the $15.5 billion H1 sales tally. This was significantly up on the $10.8 billion in sales recorded in the comparative period in 2020.