\nAPAC investors are turning to Singapore and Hong Kong in 2016, according to a new report from Knight Frank
\nSydney\u2019s CBD. Image credit: Gordon Wrigley (Flickr)
\nWhile property investors in APAC have traditionally planted the most money in Japan and Australia, a dearth of prime assets has prompted a subtle change in the first half of 2016, according to Knight Frank\u2019s latest Asia Pacific Capital Markets Report.
\nBoth Singapore and Hong Kong have become the alternative safe havens, accounting for the three largest investments this year, while Japan and Australia have experienced a year on year decline in commercial real estate transactions.
\nThe acquisition of Asia Square Tower 1 in Singapore by Qatar Investment Authority for USD$2.5 billion from Blackrock is the largest deal in Asia Pacific for this year. The second and third largest deals were in Hong Kong, with the sale-and-leaseback of Chinese Estates\u2019 interest in the Mass Mutual Tower to Evergrande for US$1.6 billion, and Dah Sing Financial Centre which was bought by China Everbright for USD$1.3 billion.<\/p>\n
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APAC investors are turning to Singapore and Hong Kong in 2016, according to a new...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21687","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5DN","jetpack-related-posts":[{"id":2201,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cross-border-investors-in-apac-prefer-liquid-markets-in-2016\/","url_meta":{"origin":21687,"position":0},"title":"Cross-border investors in APAC prefer liquid markets in 2016","date":"January 21, 2016","format":false,"excerpt":"\r Australia, Japan and China are the solid\u00a0choices Over the next 12 months, global cross-border investors in Asia-Pacific are expected to maintain their confidence in the region, despite some economic concerns, per the latest \u2018Global Investor Outlook Report 2016\u2019\u00a0from Colliers International. 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ERA Realty Network, the second biggest property agency here by agent numbers, plans to relist on the Singapore Exchange (SGX) to take advantage of the anticipated recovery in the housing market, reported the Business Times. 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\nIn Japan, a shortage of prime office stock on the market in Tokyo\u2019s CBD has caused investors to focus on secondary markets. Additionally, the Bank of Japan\u2019s (BOJ) introduction of negative interest rates has failed to halt the appreciation of the Yen, making Japan properties more expensive to acquire for offshore investors.
\nIn Australia, large acquisitions include Investa Property\u2019s (ICPF) purchase of 75% interest in 420 George Street for USD $340 million, and Charter Hall\u2019s acquisition of the Macquarie Bank Building at 1 Shelley Street for USD $379 million, both in Sydney\u2019s CBD, demonstrate the continued demand for core, prime assets. The reduction in available assets for purchase, however, means secondary and suburban assets are more likely to be considered.
\nWhile commercial real estate in Hong Kong and Singapore is thriving, there is an overall slowdown on the residential side. Home prices in Hong Kong have dropped by 11% since a peak in September, and in Singapore, private home prices have weakened for the 11th straight quarter. Despite this, both cities rank at the top of the list in terms of the most expensive cities in the world to live in.
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\nSource : property-report.com
\nRead more…Singapore and Hong Kong are the new safe havens of APAC, says Knight Frank<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"