Asia Pacific investors plan to increase real estate purchases in 2021
About 60 percent of investors intend to purchase more real estate this year, the highest level since 2016, according to CBRE’s 2021 Asia Pacific Investor Intentions Survey.
The survey, which polled more than 490 Asia Pacific–based investors in November and December 2020, found most investor types — from high-net-worth individuals and REITs to institutions such as sovereign wealth funds, insurance companies and pension funds — are exhibiting stronger appetite for real estate investments compared with last year.
The higher purchasing intentions are a consequence of pent-up demand from 2020, when the abrupt, pandemic-induced economic downturn, travel restrictions and uncertainty about the pandemic’s duration sharply curtailed investment activity. In addition, there remains a substantial volume of dry powder (capital that is committed but unallocated) searching for yield and ready to be deployed into real estate.
Despite ongoing travel restrictions, Asia P