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CAPITAL MARKETS

Asia Pacific Mid-Year Real Estate Market Outlook 2021

Hear from our experts
capital markets

CAPITAL MARKETS

EXPECTED


Purchasing gains momentum

  • Investment turnover reached US$68 billion in H1 2021, equivalent to 63% of 2020 full-year turnover
  • CBRE has upgraded its full-year forecast for investment volume to +15 to 20%

Investors capitalise on corporate sales
  • Real estate funds are recycling capital, with some transactions completed in H1 2021 related to fund expiry
  • Developers have remained net sellers, especially in Greater China
  • CBRE has observed a rising number of sale leaseback transactions by corporates, either for strengthening balance sheets or for business restructuring

UNEXPECTED


Pricing holds up better than expected

  • Despite weaker rental growth, office prices remain firm especially in gateway cities. Asia Pacific office capital values fell by just 0.9% in H1 2021
  • Office capital values in Hong Kong SAR stabilised in Q2 2021, while price growth was recorded for prime office buildings in Sydney and Melbourne
  • Office yield is largely stable, with limited yield expansionary pressure

Asia Pacific Real Estate Market Outlook 2021
Mid-Year Review

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Contacts

Greg-Hyland-2021_326x248
Greg Hyland
Head of Capital Markets
Asia Pacific
Capital Markets
+65 6224 8181
+65 9818 1537
+65 6225 1987
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Dr. Henry Chin
Global Head of Investor Thought Leadership
& Head of Research, APAC
Research
+852 2820 8160
+852 2810 0830