According to global property consultant CBRE, following a steady flow of sales in 2020, corporates across Asia Pacific increased their real estate disposal activity in 2021. 762 deals worth a combined total of $44.4 billion were completed as sellers capitalised on strong pricing to offload assets.
According to global real estate consultant JLL, rapid expansion in the life sciences sector will provide substantial opportunities for commercial property owners and developers in Asia Pacific, as real estate becomes a priority for companies that provide health and medical products and services.
On a quarter-over-quarter basis, Q2 2021 saw $2.3 billion in hotel transaction volume across the region, a 5.1% slide from Q1 2021. Japan, Mainland China, Korea and Australia made up the bulk of sales volume during the second quarter, says CBRE.
According to a new survey by CBRE, logistics occupiers have big plans to expand their warehouse footprint in Asia Pacific over the next three years on the back of growing optimism about the operating environment.