The Australian Financial Review / August 7th, 2017
The Australian Financial Review reports: Hong Kong has overtaken Tokyo as Asia Pacific’s top destination for commercial real estate investments in the first half of 2017, while transactions in Australia stalled amid low stock and high prices, research by Real Capital Analytics shows.
About $10 billion in commercial real estate deals were completed in Hong Kong in the first half, representing a 5 per cent increase over the same period last year, while Tokyo suffered a 33 per cent fall in deal flow in the same time.
China’s large appetite for real estate acquisitions – while muted against Beijing’s recent tighter clampdown on capital transfer – is mainly responsible for the increased activity in Hong Kong.
Read the full article on The Australian Financial Review: Hong Kong Beats Tokyo in Commercial Real Estate Deals, While Australia Sells