ASIA PACIFIC INVESTMENT
IN 2020
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In 2020, while the office sector still represented the largest share of investment in Asia Pacific, the logistics, data center and multifamily sectors did attract increasing capital volumes. There was also growing interest in the Asia Pacific market from investors based outside the region, who outpaced their counterparts based within Asia Pacific in terms of cross-border transaction volume.
in Asia Pacific
FY 2021 COMMERCIAL REAL ESTATE INVESTMENT
25
5
0
MAINLAND CHINA
SOUTH KOREA
JAPAN
AUSTRALIA
SINGAPORE
+86%
-5%
+142%
+41%
-1%
SOUTH KOREA
Strong
competition
among local
capital
AUSTRALIA
Increasingly attracting institutional investors from Europe
JAPAN
Tokyo office market remains attractive
SINGAPORE
Strong demand for CBD and strata-titled offices
OFFICE
Billion USD
MAINLAND CHINA
Growing participation
by owner occupiers
Source: Real Capital Analytics, Cushman & Wakefield Research
10
15
20
in Asia Pacific
FY 2021 COMMERCIAL REAL ESTATE INVESTMENT
12
6
0
MAINLANd CHINA
AUSTRALIA
SOUTH KOREA
JAPAN
HONG KONG
SAR
+15%
+10%
+84%
+233%
+25%
AUSTRALIA
Strong demand
for neighbourhood centres
HONG KONG SAR
Growing demand for pre-distressed asset
JAPAN
Strong demand from J-Reits
MAINLAND CHINA
Strong rebound in offline retail sales drives investor demand
RETAIL
Billion USD
SOUTH KOREA
Investment driven by local institutional capital
Source: Real Capital Analytics, Cushman & Wakefield Research
10
8
4
2
+41%
-37%
SOUTH KOREA
CHINA
SOUTH KOREA
Investment driven by local institutional capital
CHINA
Community malls outperforming traditional retail
in Asia Pacific
2020 COMMERCIAL REAL ESTATE INVESTMENT
10
0
Billion USD
RETAIL
10
0
Billion USD
+116%
AUSTRALIA
+49%
JAPAN
AUSTRALIA
Growing demand for built-to-rent
JAPAN
Resilient market driven by high population density
MULTIFAMILY
Source: Real Capital Analytics, Cushman & Wakefield Research
in Asia Pacific
FY 2021 COMMERCIAL REAL ESTATE INVESTMENT
2
0
Billion USD
+55%
SOUTH KOREA
+177%
AUSTRALIA
JAPAN Strong demand from overseas investors
AUSTRALIA
Record investment levels driven by large portfolio deals
LOGISTICS
+17%
MAINLAND CHINA
SOUTH KOREA
Strong competition for assets and compressing yields
Source: Real Capital Analytics, Cushman & Wakefield Research
-20%
JAPAN
+1802%
HONG KONG SAR
4
6
8
MAINLAND CHINA
Growing demand for new economy sectors
HONG KONG SAR
Strong demand for cold storage
Active North American and European investors
CROSS BORDER TRANSACTION
NORTH AMERICA
$
USD 7.0 BILLION
USD 5.8 BILLION
AUSTRALIA
JAPAN
+74%
+82%
EUROPE
NORTH AMERICA
EUROPE
EUROPE
NORTH AMERICA
USD 1.9 BILLION
JAPAN
+243%
USD 2.2 BILLION
AUSTRALIA
+71%
EUROPE - JAPAN
Active European investors in all property sectors
EUROPE - AUSTRALIA Longer lease terms and lower supply levels in the office market appeal to investors
NORTH AMERICA - INDIA
growing demand for office outsourcing attracting international capital
NORTH AMERICA - JAPAN
Robust demand for office and logistics assets
USD 3.1 BILLION
MAINLAND CHINA
+82%
USD 1.6 BILLION
SINGAPORE
+243%