2021 sees rebound in outbound Asian commercial real estate investment
Asian outbound commercial real estate investment surged 69 percent year-over-year in 2021 to US$54.6 billion, surpassing 2019’s pre-pandemic volume, according to CBRE Research.
Singaporean capital dominated Asian outbound investment, with six out of the top 10 outbound transactions. Singaporean investors deployed US$32 billion abroad, marking a significant increase of 164 percent year-over-year. The United States was the preferred destination for Singaporean capital, with appetite strongest for logistics portfolios. Hong Kong investors were the second most active source of Asian outbound capital, with US$6.7 billion invested in 2021, representing a 60 percent year-over-year increase.
“Investors from Singapore and Hong Kong were the most active due to the size of their markets and available liquidity,” said Greg Hyland, head of capital markets, Asia Pacific for CBRE. “The United States was the preferred international market for Asian investors due to attractive