Asia investments in global real estate soar 40% in H1: CBRE

[SINGAPORE] Asian investors have ploughed more capital into global real estate this year, going by transactions valued at US$10 million and above, with Singapore overtaking China as the top source of Asian capital.

According to global real estate consultancy CBRE, Asian outbound investments surged 40 per cent year-on-year to US$16.2 billion in the first half of this year.

Among the most active sources of Asian capital, Singapore accounted for 29 per cent, followed by Hong Kong at 25 per cent, China at 23 per cent and Malaysia at 5 per cent. Last year, Singapore was in second place behind China.