【World Property Journal】Asia Pacific Real Estate Being Targeted by Offshore Investors

According to CBRE's latest In and Out Report, offshore property investors have upped the ante in the Asia Pacific region, accounting for 41% of the $15.6 billion (USD) in office, retail, industrial and hotel property transactions finalised in H1 of 2021.

This compared to a 35% share in H1, 2020, with Singaporean investors leading the charge amid surging buyer interest in the region's Industrial & Logistics (I&L) sector.

CBRE report author Tom Broderick noted that Australia dominated Pacific transaction activity, accounting for $14.6 billion of the $15.5 billion H1 sales tally. This was significantly up on the $10.8 billion in sales recorded in the comparative period in 2020.

The proportion of offshore buyer activity was even higher in Australia at 43%, up from 37% at the same time last year.

"Given the significant impacts brought about by the pandemic, many investors were cautious, resulting in reduced transaction volumes across most sectors in H1 last year," Mr Broderick said.

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