20%
38%
42%
8%
45%
47%
26%
27%
3%
19%
2018
2017
2017
16%
48%
37%
% of respondents
% of respondents
Buy less
About the same
Buy more
Stable income streams
2018
2017
2016
2018
Asset class diversification
Motivated by stable income streams and asset class diversification
Strong investment appetite for real estate
Real estate remains an attractive asset class
Source: CBRE Asia Pacific Investor Intentions Survey 2016, 2017 and 2018
Stronger interest
Top ten preferred cities*
CHINA TIER 2/3 CITIES
Key strategies-Opportunistic
MELBOURNE
Key strategies-Core/Core plus
BRISBANE
Key strategies-Value added
BEIJING
Key strategies-Core/Core plus
JAPAN REGIONAL CITIES
Key strategies-Core/Core plus
SYDNEY
Key strategies-Core/Core plus
SINGAPORE
Key strategies-Value added
HONG KONG
Key strategies-Value added
SHANGHAI
Key strategies-Value added
TOKYO
Key strategies-Core/Core plus
*Results are based on cross-border investors. Cross border refers to respondents domiciled in a different country to the most attractive destination selected
Source: CBRE Asia Pacific Investor Intentions Survey 2016, 2017 and 2018
4
3
2
1
Potential slowdown of Chinese outbound investment
Potential slowdown of Chinese outbound investment
2017
2018
more selective
on overseas investment
Chinese investors will be
Chinese investors' intentions to invest overseas
33%
55%
Co-working emerges as important new trend
Co-working emerges as important new trend
Property companies
60%
20%
is the most optimal percentage to have co-working space in the office building to enhance building value
Investors believe that
tend to develop their own brand
of investors believe it is the future of office work and a critical amenity of tenants
Structural changes and protection against the real estate cycle draw interest to new sectors
Structural changes and protection against the real estate cycle draw interest to new sectors
2018
2017
2016
22%
20%
15%
Real estate debt
Data centre
Multifamily
Interest in new sectors
Narrower return expectations among different strategies
Narrower return expectations among different strategies
3-6%
6-9%
^Unlevered total return
(average annual over 3 years)
Value added/ Opportunistic
Core/ Core+
Available returns^investors think of
key trends to WATCH
