The Business Times
business-time-50
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

google-preferred-sourceAdd BT as a preferred source
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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    JLL

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

    As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

    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