Asia-Pacific commercial property attracts strong interest from US investors
South China Morning Post revealed that according to New York-based data provider Real Capital Analytics, US investors are the biggest spenders on commercial property in Asia-Pacific in the first quarter of 2019.
Petra Blazkova, senior director for Asia-Pacific analytics at Real Capital said “the largest importers of capital to Asia in absolute dollar terms are US cross-border investors.”
More: 2018: the year in secondary property markets
According to the company, US investment in the region’s property markets this year amounted to US$3.2 billion. Hong Kong was second with US$3.1 billion, followed by Singapore at US$636 million, Australia at US$528 million and mainland China with US$522 million.
Nicholas Wilson, head of Asia-Pacific capital markets research at JLL added that “investing in Asia-Pacific gives diversification benefits with the region being the growth engine of the world. Asia-Pacific also offers a diversified set of markets, at varying levels of risk and return.”
“There are a lot more growth markets in Southeast Asia, China and India with financial centres being in Singapore, Hong Kong and Shanghai,” said Wilson.
Recommended
Trust gap slows Chinese tourism and property investment in Thailand
Scam-related narratives accelerate a shift in tourism and property investment away from Thailand
Timor-Leste real estate takes off as nation joins ASEAN
Early signs of a property market emerge amid land-title reform and cautious foreign interest
Macau market weakness persists despite economic rebound signs
As Macau’s gaming revenues surge back to life, its residential property market remains stuck on a losing streak
Seoul’s luxury homes roar back on global demand and scarcity
Once cooled by demographics and policy, the South Korean capital's luxury housing market is surging again
