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Real estate investments in Asia Pacific hit a new high as it increased 16 percent year-on-year during the fourth quarter of 2017 to $68.8 billion, reported Singapore Business Review citing JLL.
The real estate consultant revealed that Hong Kong, Australia, and Japan – the traditional favourites among investors – all witnessed an increase in transaction volumes.
Hong Kong posted a 171 percent increase in real estate investment volumes, while Australia and Japan registered a 40 percent and 31 percent hike, respectively.
Over in Singapore, real estate investments soared 50 percent year-on-year in 2017 to S$19.8 billion, on the back of large en bloc deals, reported Real Capital Analytics.
With this, Colliers International expects real estate investment in the city-state to reach S$44 billion to $48 billion this year.
This article was edited by Keshia Faculin.
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