Asian outbound commercial real estate investment volume declined 37 percent year-over-year (y-o-y) to $30 billion in 2020, as pandemic-related obstacles, including restrictions on travel and site inspections, impeded purchasing activity, according to new data published by CBRE.
Singapore retained its position as the most active source of outbound capital for the third consecutive year, accounting for $12.1 billion worth of deals in 2020. The Korean won’s lower hedging costs against the U.S. dollar contributed to investors from this market accounting for nearly half of Asian outbound investment stateside, and the second-largest source of outbound funds overall. Mainland China was third in terms of weight of outbound capital, underpinned b
