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Commercial real estate investment in Asia Pacific rose 3% year-on-year (YoY) in Q4 2023 to US$31.6 billion, reversing seven consecutive quarters of decreasing volumes. According to data and analysis by global real estate consulting firm JLL (NYSE:JLL), the Q4 2023 uptick in volumes provides some upside after a challenging year that saw overall investment across the region decline by 17% YoY to US$106.8 billion.
China stood at the forefront of Asia Pacific’s investment rebound for the second consecutive quarter, recording a 50% YoY…
