On behalf of our fellow member, JLL we’d like to share the following news release regarding Asia Pacific real estate investment down 17% in the second quarter of 2023. News release as follows:
Commercial real estate investment activity in Asia Pacific declined by 17% year-on-year in the second quarter of 2023 as investors remained cautious when making capital deployment decisions. According to data and analysis from global real estate consulting firm JLL, investment activity in the region totalled US$26.8 billion in the second quarter, owing to ongoing uncertainties in the global economy, with resilience in the logistics & industrial and living sectors offset by a sharp contraction in office, retail and hotel sectors.
The decline in investment volumes comes amid shifts in the investment market over the quarter. JLL proprietary data shows that relative to earlier quarters, most second quarter deals were traded with a narrower bid-ask spread, demonstrating sellers’ willingness to meet buyers by lowering their asking price. Even with asset repricing putting pressure on total returns, capital value appreciation is still forecast across geographies and sectors, speaking to the strength of rental growth and steady valuations, according to JLL.
Learn more in JLL’s Q2 2023 - https://www.jll.com.my/en/trends-and-insights/research/asia-pacific-capital-tracker-q2-2023
To read the full news release, please refer here:
#JLL #AsiaPacific #realestate #investment #capital #deployment #logistics #industrial #EUROCHAMMalaysia30 #EUMYstrongertogerther #eurochammy
