Foreign Property News | Posted by Shwe Zin Win
Shanghai, China. SvenHansche/Shutterstock
Since July to September, the sales activity rose by 18 percent year-on-year to USD42 billion, which represented the best third-quarter performance to date.
Among the markets, China experienced high transaction volumes, coming in third globally after Paris and London. In Shanghai, the investments amounted to USD14.4 billion year-to-date. During the first three quarters of the year, this city was also the biggest beneficiary of cross-border investments at 56 percent compared to the rest of the cities in the region.
“Investors in Asia Pacific are seeing past current headwinds such as slowing growth and trade tensions,” said Stuart Crow, CEO of Asia Pacific Capital Markets, JLL.
The increase was also partly driven by Singapore’s strong recovery where year-to-date transactions are at its peak. Its office market has witnessed a growing investment volume of over 175 percent, encouraged by the robust rental growth and net absorption.
On the other hand, Asia Pacific markets were recorded as the largest capital sources for cross-border investment in the first nine months of 2019.
“Asian investors are spreading their capital more broadly and are looking at markets such as continental Europe where debt costs are low, assets are available and markets, such as Germany and France are seen to be beneficiaries post-Brexit,” said Crow.
Ref: Property Report
