Commercial Other

Japan remains the top market for Western investors in APAC while China hits a 10-year low.

Japan led investments in the region with $8.9b during the quarter.

High-interest rates and anti-pandemic restrictions impact APAC investment in the US. 

Over half of the volume came from foreign investors.

Five of eight property developers rated B3 and below are expected to have interest coverage below 1.5x in both scenarios.

There is approximately 100m sq ft of total leasable area within the life sciences sector as of end-2022.

The success rate was at 9.5%, equivalent to a total gross sales value of S$90.3m in 2022. 

And 70% believe unpredictable interest rates will significantly affect investment decisions.

Residential properties accounted for over half of the listings in 2022.

The total shophouse transaction value declined 35.6% to S$625.2m in the same period.

Hong Kong is back on the top 5 after a 4-year hiatus.

This is the fourth consecutive year that Tokyo takes this spot.

Commercial property investments rose 53% in this market. 

But don’t expect much growth just yet early in the year.

Office and logistics buildings were the commonly acquired properties.

The market is expected to continue to favour tenants.