APAC’s real estate cross-border investment reaches $47.6b

Data centres dominated the market, capturing 46% of investments.

Asia Pacific's real estate cross-border investment grew to $47.6b (US$36.3b) in Q3 2024, marking a 15.7% year-on-year (YoY) increase, according to Knight Frank.

Data centres dominated the market, capturing 46% of investments, as investors seek to capitalise on the region’s advancements in AI, cloud computing and data storage.

Meanwhile, office and industrial properties also lead cross-border acquisitions in Q3 2024. The office sector accounted for 35% of the market, a 16.7% YoY increase.

Industrial assets also emerged as a strong performer, securing 32% of the total share despite a 12.3% YoY decline. 

“The September rate cut reduced borrowing costs and made debt-financed acquisitions more attractive. Asia-Pacific is feeling the ripple effects of this global optimism, and we are seeing increased investor confidence across our markets," said Neil Brookes, global head of capital markets at Knight Frank. "We anticipate this forward momentum to accelerate, potentially outpacing global recovery rates."