Further rebound expected for Asia Pacific real estate markets in 2022.
Ongoing economic recovery, aided by receding COVID-19 related restrictions, supported most Asia Pacific (APAC) in Q4 2021, boosting expectations of a further rebound this year.
Regional trends and key report highlights for Asia Pacific:
- Confidence and momentum returned to Australia's occupier markets, and the outlook remains positive with flight-to-quality driving demand.
- An uptick in New Zealand's investment activity is expected to propel the total value of commercial and industrial property sales to record levels in 2021.
- Domestic investor demand in China fuelled deals in key Chinese markets, with commercial capital Shanghai recording 21 transactions in Q4 totalling RMB37 billion (USD5.81 billion).
- Investment activity remained strong in Hong Kong SAR, with industrial assets and neighbourhood retail premises to remain the most sought-after assets for investors in 2022.
- Transactions ramped up in Singapore's office property market, as several private equity funds and family offices including J.P. Morgan and Nuveen Real Estate acquiring prime office properties in Q4.
- Korea saw several major office transactions closing in Seoul, totalling KRW3.7 trilliuon (USD3 billion) in Q4.
- Japanese REITs remained active in Q4, and a rebound in Japan's economic activity is expected to aid the Japanese property market as investors' appetite increase.
Download the report below to find out more expert recommendations for investors across Asia Pacific. Contact Terence Tang and John Marasco for more key trends and opportunities across Asia Pacific capital markets.