By Benjamin Chow on January 29th, 2020
Seoul has climbed the ranks of Asia Pacific’s largest metros to become the second largest commercial real estate market in 2019, preliminary Real Capital Analytics data shows. Tokyo reclaimed the top ranking and Hong Kong slipped to the third position.
Investment momentum in Seoul has been building for some time. While South Korean investors have grabbed the headlines for their acquisitions in Europe and the U.S., their activity at home has also swelled. From 2015 to 2019, domestic investment into Seoul commercial property has more than tripled.
Beijing was also a key mover in the region’s rankings for 2019. The metro registered a record year for income-producing property deal activity and climbed into fifth place.
Real Capital Analytics will report on market trends across Asia and Australasia in the next edition of Asia Pacific Capital Trends, which will be published February 4. If you are interested in learning more about RCA’s publications, data and tools, contact us.