Singapore led the Asia-Pacific region in commercial real estate investment in the fourth quarter of 2023, according to a new report from Knight Frank. Singapore’s commercial investment amount reached US$4.1 billion, increasing by 462% in the quarter and 110% over the same year. This is the highest fourth quarter recorded in the past five years and 64% above the average quarterly increase of $2.5 billion, putting Singapore at the forefront of the region.
These gains were driven by several significant office deals, including Shenton House (US$402 million), Visioncrest (US$322 million) and Wilkie Edge (US$260 billion).
Commercial real estate investment volumes in South Korea are recovering, driven by strategic investors and tight office market dynamics.
Commercial real estate investment in South Korea recovered significantly in the fourth quarter of 2023, reaching approximately $6.5 billion, an increase of 52.6% compared to the fourth quarter of 2022. This recovery was driven primarily by strategic investors taking advantage of tight supply and demand conditions in the office sector. remained the preferred asset type.
Overall, despite the challenges posed by limited supply and high demand, Seoul’s office market continues to attract strong investor interest. Strategic investors play a key role in reshaping markets as they acquire real estate for own use and address occupier issues. On the other hand, the retail sector also saw an increase in investment volume, which improved by a factor of 7 compared to the fourth quarter of 2022.
Full-year transaction value in Australia’s multifamily sector increased sevenfold from US$1.14 billion in 2022 to US$1.96 billion in 2023. Strong population growth, a large tenant base, and a severe housing shortage are coupled with a severe housing shortage. A liquid investment market positions Australia’s multifamily sector for strategic growth and institutional investors. ”
Australia’s multifamily housing market has positioned itself as the next major institutional asset class, with a large tenant market and strong population growth contributing to a severe shortage of housing supply, combined with a deep and liquid investment market. is in a strategic position to establish
Mainland China’s multifamily market also has great potential, with transaction value expected to reach USD 1.96 billion in 2023, almost double from the previous year. Factors such as rural-urban migration, demographic changes, and a slowing real estate market are driving a trend toward rentals, creating opportunities for the emerging multifamily housing sector.