China leads Asia Pacific cross-border property trade
Cross-border property transactions in the Asia-Pacific region increased in the third quarter of2013, with China seeing the greatest share of the investment, a report from real estate serviceprovider CBRE showed.
Asia-Pacific cross-border activity rose by 5.5 percent quarter-on-quarter to $5.2 billion in thethird quarter, according to CBRE Research.
Australia, China and Japan saw the greatest share of non-domestic buyers, with China and Australia, in particular, seeing strong activity from buyers from outside the region.
Although there was increased activity from international investors, domestic investors continued to dominate in most markets because they were able to move faster given their local advantages, the report showed.