China dominates property portfolio deals in 3Q

SINGAPORE (Nov 8): Commercial real-estate transaction volumes in Asia Pacific fell by 1.1% in 3QFY16 to US$30.4 billion ($42.2 billion), while development site sales fell 17% to US$76.3 billion.

According to findings by Real Capital Analytics, the marginal declines indicate that property investments are starting to stabilise following two consecutive quarters of decline.

However, the figures were disproportionately propped up by a number of large portfolio deals in China and Japan that reached US$13 billion for the quarter, and accounted for 43% of overall investment volumes. That means there were fewer deals and active buyers during the period to September.

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