Within Asia, private investors are expected to be the most active buyers of real estate in 2024, according to a CBRE survey. One market was selected as the top target for the fifth consecutive year.
Japan is the top target for cross-border real estate investments in the region in 2024, according to CBRE’s «Asia Pacific Investor Intentions Survey,» marking the fifth consecutive year that the country achieved the top rank.
Singapore and Australia followed closely as the next top target markets. Within emerging markets, India is the preferred destination, with Mumbai and Delhi capturing interest from long-term investors.
Buyers and Sellers
In terms of buyers, high net worth and private investors are expected to be the most active with consistent plans compared to last year. For sellers, investors in Australia, Singapore and Hong Kong displayed the strongest intention to offload assets. Value-added strategies were favored to achieve returns with a focus on distressed assets and debt solutions.
«Given the potential easing of the rate hike cycle, investors are closely monitoring further price adjustments needed for investment volumes to pick up in the next 6-12 months,” said Greg Hyland, head of capital markets, Asia Pacific for CBRE. «We anticipate an acceleration of investment activity in the second half of the year.»
