Figures
Asia Pacific Investment Trends Q3 2024
October 10, 2024 5 Minute Read
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- Offices, residential and hotels have accounted for the bulk of investment activity in Japan so far in 2024. Domestic capital continues to dominate, with corporates looking to buy assets to lease out to generate extra income and improve balance sheets. Firms are also keen to explore headquarters sales and sale leasebacks. J-REITs have been quiet.
- Purchasing activity in Australia has picked up from last year’s low base but most investors remain on the sidelines. The interest rate outlook has improved, with the market pricing in five cuts by the end of 2025. While some vendors may delay sales in anticipation of higher returns, lower rates will have an impact on the cost of debt and should stimulate more buying interest.
- In Hong Kong SAR, investment volume saw an increase q-o-q in Q3 2024, albeit off a low base. Local buyers such as family offices and high-net-worth individuals are the key purchaser group at present but are tending to focus on smaller lump sum acquisitions. Full-year investment volume is expected to be on par with 2023’s HKD 40 billion but achieving this total rests upon the completion of a few large deals currently under negotiation.
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Research Contacts
Business Contacts
Greg Hyland
Head of Capital Markets, Asia Pacific
Jonathan Chau
Executive Director, Head of Investment Property & Private Office, Capital Markets, Hong Kong
Lic. E-235473
Richard Orbell
Senior Director, Investment Properties, Capital Markets, Japan
