
Singapore still one of the most actively traded markets in Asia Pacific
Global real estate investment volumes in the region increased 19% to US$ 26b.
Global real estate investor purchasing activity picked up in Q2 2012 with total global volumes increasing 24% on Q1 to $108 billion according to data collected from more than 60 countries by Jones Lang LaSalle Capital Markets Research. This reverses the slight dip in activity recorded in Q1 2012 when volumes reached $87 billion.
Asia Pacific, Europe, Middle East & Africa and the Americas all recorded an increase in activity in Q2 compared to Q1. The Americas posted the most significant increase in quarterly volumes, with a 33% increase to $47 billion. Asia Pacific posted a 19% increase in quarterly volumes to US$26 billion and European volumes were up 17% to US$35 billion.
Asia Pacific was the only region to record year on year growth, with $26 billion compared to $20 billion in Q2 2011 as China, Australia, Hong Kong and Singapore all recorded increased trading activity.
Stuart Crow head of Asia Pacific Capital markets, Jones Lang LaSalle comments:
“Singapore remains one of the most actively traded markets in Asia Pacific, with investors attracted to the long term fundamentals and low interest rate environment. Although the majority of activity has been from local investors we have seen significant interest from other Asian based high net worth and institutional investors.
With yields continuing to compress in the prime office sector many investors have been focussed on retail, industrial and redevelopment opportunities in recent times. We expect the remainder of 2012 to be very active , with several large transactions likely to be concluded.”