Commercial transaction volumes in Asia Pacific fell 41 percent year-on-year to $55 billion in the first six months of 2020, according to analysis by Knight Frank’s Asia Pacific research team. In the second quarter, transactions were down 14 percent compared to the first quarter across the region.
“The physical restrictions on movement and economic uncertainty has had a material impact on capital markets in the first half of 2020,” according to Neil Brookes, head of capital markets, Asia Pacific. “Deal activity has been sporadic at best as investors adopted a wait-and-see approach in the first half of this year, with equity-based investors in particular seeking a discount before entering the market.”
“However, as economic activity resumes in some markets in the region, investors are now exploring options to deploy their capital. Even under challenging circumstances, there is ample capital seeking medium- to long-term investment opportunities in the region,
