Total commercial property investment turnover in Asia Pacific in the first quarter of 2016 declined by 36% quarter-on-quarter.
This week the Federal Open Market Committee (FOMC) raised U.S. interest rates for the first time since 2006. The 25-basis-point (bps) increase to the target federal funds rate was widely anticipated.
Cross-border property investment in Asia accounted for 36% of total turnover year-to-date - rising 36% quarter-on-quarter to $10.6 billion - marking this the highest total recorded since 2008.
Asian cross-border commercial real estate (CRE) investment in Q1 2015, at $8.6 billion, constituted the strongest recorded Q1 outbound performance since major Asian outflows began.
Tokyo cemented its lead as the top destination in the APAC region for market entries by international retailers, as cities in Asia Pacific saw 464 new retail entrants in 2014.
CBRE Asia is predicting that domestic and Asia-regional firms will drive leasing markets in APAC in 2015.
Office leasing momentum generally remained steady across the Asia-Pacific (APAC) region in Q3, 2014.
According to STR Global, hotels in the Asia Pacific region experienced mostly positive results during July when reported in U.S. dollars.
According to STR Global, hotels in the Asia Pacific region experienced positive results during May 2014.
Hotels in the Asia Pacific region experienced negative performance results during March 2014 when reported in U.S. dollars.
Bargain-hunting opportunities in commercial real estate are starting to fade.