Investment sentiment towards Asia Pacific commercial real estate remains positive, with around 60% of investors intending to purchase more real estate this year, according to the findings of CBRE’s 2022 Asia Pacific Investor Intentions Survey.
The upbeat overall mood has led CBRE to forecast that total investment turnover will increase by 5% to 10% to around US$ 150 billion in 2022. Should this total be achieved, it would set a historical high for annual commercial real estate transaction volume in the region.
Other key survey findings include stronger interest in core-plus and value-added opportunities; growing appetite for a return to the office sector; and a sharper focus on data centres, cold-storage and healthcare among alternatives. Tokyo remains the most attractive city for cross-border investment, closely followed by Shanghai.
The survey also noted wider adoption of Environmental, Social and Governance (ESG) criteria in investment strategies as investors look to fulfill regulatory requirements, preserve future asset value and enhance brand image.