The Business Times
Global Enterprise logo
BROUGHT TO YOU BYUOB logo
SUBSCRIBERS

Japan, Korea deals drive Asia-Pac commercial real estate investment to highest since 2022 

Singapore investors are most active among cross-border deals

Jessie Lim

Jessie Lim

Published Mon, Nov 4, 2024 · 06:31 PM
    • August saw the closing of a mega S$1.6 billion acquisition by Lendlease and Warburg Pincus, which jointly bought a portfolio of assets comprising business parks and high-tech industrial facilities.
    • August saw the closing of a mega S$1.6 billion acquisition by Lendlease and Warburg Pincus, which jointly bought a portfolio of assets comprising business parks and high-tech industrial facilities. PHOTO: WARBURG PINCUS

    COMMERCIAL real estate investment volumes in the Asia-Pacific in the third quarter have risen to the highest quarterly levels since 2022, driven by lower cost of debt and a surge in interest in Korea. 

    Deals done in the Asia-Pacific recorded 82 per cent year on year growth to US$38.8 billion, said a report by JLL on Monday (Nov 4). 

    Korea was the most active market in the Asia-Pacific in the quarter, with mega-office deals fuelling a jump in deal value to US$8.4 billion, up 31 per cent year on year.

    JLL

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More