Asia property deals tipped for record high
Cross-border flows have become a bigger driver of Asian real estate investment volume, with Singapore displacing China as the region's biggest exporter of capital into property.
Property deal volume in Asia is set to hit an all-time high this year, said Graham Mackie, chairman of the investor advisory board of the Asian Association for Investors in Non-Listed Real Estate Vehicles (Anrev). but he did not provide a figure.
Commercial real estate transaction volumes in Asia Pacific hit a record $126.8 billion last year, surpassing the previous high of $120.5 billion in 2007, according to real estate services firm Jones Lang LaSalle.
Growth is being driven …
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