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“JLL Reports 3% Increase in Asia Pacific Commercial Real Estate Investments for 4Q2023”

Wilson

Author Updated on: February 21, 2024

Kuala Lumpur, Malaysia (19th February 2024) – Commercial real estate investment in the Asia Pacific region saw a notable upturn in the fourth quarter of 2023, with a 3% year-on-year (YoY) increase totaling US$31.6 billion (RM151.1 billion). This reversal in trend comes after seven consecutive quarters of declining volumes, providing a much-needed positive shift in market dynamics.

Analysis by JLL indicates that this increase in investment activity in 4Q2023 offers a glimmer of optimism following a challenging year where overall investment in the region experienced a 17% YoY decline, falling to US$106.8 billion.

China emerged as a prominent player in driving the investment rebound in Asia Pacific for the second consecutive quarter, demonstrating a significant 50% YoY surge in investment volume, reaching US$11.1 billion, as highlighted by the global real estate consulting firm.

 Originality news from www.edgeprop.my

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