Quarterly Transaction Volume Hits New Heights Driven By Domestic and Regional Investors
- Commercial real estate transaction volume in Asia Pacific totalled US$26.6 billion in Q4 2013, a rise of 20.8% q-o-q from the US$22 billion recorded in Q3 2013. Total transaction volume for 2013 reached US$90.4 billion, a rise of 24.2% y-o-y. Activity was led by strong turnover in Australia, China and Japan.
- Fierce competition for core properties continued to result in investors considering secondary locations, value-added opportunities and development projects. Buyers also moved up the risk curve, with stronger interest in Southeast Asia.
- The CBRE Asia Pacific Office Capital Value Index increased 0.6% q-o-q, slightly slower than the 0.7% q-o-q recorded in Q3 2013. Capital values continued to trend upward but the pace of growth slowed as investors showed less willingness to chase prices.
- Asia Pacific is expected to continue to see strong investment activity in the opening months of 2014. Most investors will remain active, particularly REITs, institutional investors, Asian high-net-worth buyers and property funds which have recently raised capital.
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