Asia Pacific Commercial Investment Tumbles

• Proeksa Meas
• 27 August 2016
• Local News
• 1245 Views

Total commercial property investment turnover in Asia Pacific tumbled by 36 percent in Q1 2016 according to a CBRE report.

CBRE’s Q1 2016 Market view blamed the decline on a weaker economic environment, stock market volatility and risk-averse investors, although it did note that Asian investors remain confident.

Chinese investors in particular have remained active, especially in Hong Kong where China Everbright Limited purchased the Dah Sing Financial Centre for USD1.3 billion. However, despite such headline purchases, traditionally strong markets like Australia and Japan have seen significant drops in transaction volumes.

It is yet to be seen what impact the recent Brexit will have on investment in Asian markets in the remainder of 2016.