Asia Pacific real estate investment rebounds

Asia Pacific real estate investment showed signs of recovery in third quarter 2020, reported JLL, with $35 billion in direct transactions committed between July and September 2020. Volumes rebounded 35 percent quarter-on-quarter, and while overall third quarter numbers were down 19 percent year-on-year, transactional activity accelerated across several major markets as investors deployed capital with more confidence than at any other period of 2020, according to JLL.

A third quarter investment rebound was led by activity in North Asian markets, with China (–10 percent year-on-year), South Korea (–2 percent year-on-year) and Japan (–18 percent year-on-year) all experiencing more transactional activity due to some resumption of economic activity in their respective markets. Tokyo and Seoul also have emerged as the top two cities globally for investment year-to-date 2020, according to JLL Research.

Investment activity in Australia (–45 percent year-on-year) and Ho