Investors eye Greater Bay Area, Singapore as Asia Pacific commercial real estate recovers

Commercial real estate transactions in Asia Pacific are closing in on pre-Covid levels, with experts from Manulife, CBRE and Schroders eyeing assets in Singapore and the Greater Bay Area, even as Covid risks linger. According to a CBRE report, office leasing demand in Asia Pacific has picked up in the first half this year, with net absorption rising 20% year-on-year, driven by strong performance in North Asia. As a result, CBRE has revised its full-year leasing demand forecast fro…