By Petra Blazkova on August 9th, 2018
Commercial real estate activity in Asia Pacific hovered near record high levels into the second quarter of 2018, the latest edition of Asia Pacific Capital Trends shows. It was a mixed picture across the markets: activity waned in the largest markets, China and Japan, but surged in Hong Kong, South Korea and India.
While activity declined by 12% in China and by 8% in Japan, the South Korean and Indian markets both reached record investment volumes at the end of the second quarter. Hong Kong shone as the most active metro in the region, with income-producing investments reaching $30 billion in the past year.
As with the first three months of the year, several exceptionally large deals boosted headline activity numbers in the Asia Pacific region. The completion of The Center in Hong Kong, a transaction worth $5.1 billion, led office investment to an all-time high, based on 12-month rolling data. The industrial sector posted the strongest year-over-year growth, with a 42% increase in volume.