Upsurge in Asia-Pacific Market Volumes Forecast

Posted on 26 July, 2014 by Jodee Redmond

Real estate transaction volumes in the Asia-Pacific region are likely to take a dramatic jump in the latter half of the year, according to analysts at Jones Lang LaSalle (JLL). Volumes were up 38 per cent Q2 this year, on a quarterly basis, although this is still flat compared to last year’s figures. Upsurge-in-Asia-Pacific-Market-Volumes-Forecast JLL analysts have forecast that the transaction rate will make a strong recovery in the upcoming months, and will hit close to the record volume of $126.8 billion set in 2013.

Stuart Crow, the head of JLL’s Asia Pacific capital markets commented that direct investment in commercial property in Asia Pacific has improved over traditional first quarter levels.

A single transaction stands out as being largely responsible for the pickup in transaction volume: the Canada Pension Plan Investment Board (CPPIB) and the Dexus Property Group, an Australian office landlord, acquired Australia’s Commonwealth Property Office Fund.

Along with this major transaction in Australia, Japan also accounted for the majority of the region’s commercial property volumes although this market is unlikely to match 2013’s figures, when sales increased by 69 per cent.

According to JLL, the slowdown is attributed to the consumption tax increase imposed in April. It brought forward several transactions to Q1 and encouraged a more tentative approach from potential investors.

Australian sales volumes were up seven per cent to US$7.8 billion, even though the market was more sluggish than expected.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants