Real estate transaction volumes in Asia Pacific has hit $86 billion in the first half of 2019, according to JLL.
With Asia Pacific being the only region to record a year-on-year increase of 6 percent globally, the report reveals that the region’s momentum is likely to moderate over the rest of the year, while investment levels are projected to reach a new full-year high in 2019.
“Due to the tightening of yields in core markets across the globe, particularly in Europe and United States, investors are made to look beyond their domestic markets in search of higher returns,” said Stuart Crow, CEO of capital markets Asia Pacific, JLL. “Joint venture and consortium structures continue to increase in popularity for large deals across the region as investors seek to go more direct and see the benefit in partnering with long-term like-minded groups.”
In the latest $1.17 billion sale of DUO Tower and DUO Galleria, JLL acted as exclusive adviser on behalf of the
