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Asia-Pacific Property Deals Set For Another Record Year – SCMP

Real estate transactions in the Asia-Pacific may climb to a record as more developers push for stronger balance sheets amid global uncertainties, the South China Morning Post reported

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Buildings developed by China Evergrande
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 many development sites and older assets for redevelopment. Photo: Reuters.

 

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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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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