Real estate transactions in the Asia-Pacific region may climb to a record this year as more developers push for stronger balance sheets amid global uncertainties, the South China Morning Post reported, citing a report by property consultancy CBRE.
Last year, 762 deals worth a record $44.4 billion were sealed, with mainland Chinese firms accounting for about 40% of the disposals due to the sale of “numerous development sites and older assets for redevelopment, the report added.
Read the full report: South China Morning Post.
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