CBRE Hong Kong has released a new report that charts Asian outbound investment in real estate in 2015. Asian outbound investment has seen another record year for 2015, reaching US$62.4 billion.
And the Cambodian real estate market are drawing some of this capital.
Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia notes that, "while 2015 saw a significant increase in allocations of Asian outbound capital beyond the Asia Pacific region, Cambodia has evidently benefited from the growing appetite of both developers and investors, notably from China, Singapore, South Korea and Taiwan, to expand development activity and holdings beyond their respective domestic markets. With sustained GDP growth, attractive returns and the widespread adoption of the US dollar, Cambodia is well placed to attract continued real estate investment from the wider region over the course of 2016."
Chris Hobden, Manager of Research, Consulting & Valuation Services at CBRE Cambodia[/caption]
Key highlights of the CBRE Hong Kong report:
Asian outbound real estate investment reached another record high year in 2015, standing at US$62.4 billion—a 37% year-on-year increase. Underpinned by more active institutional investors from Singapore and China, 2015 saw a significant increase in big ticket transactions (deal size worth over US$500 million; up 167% year-on-year) and portfolio transactions (accounting for 28% of total Asian outbound investment turnover, up from 16% in 2014). Active sources of capital continued to be led by Singapore, China and Hong Kong, with an increase of outbound capital deployment at 58%, 41% and 49% year-on-year, respectively. Outbound investment into major gateway cities were more diversified. London, as the top destination of Asian investors, has contributed to a lower portion of outbound investment, decreasing from 17% in 2014 to 13% in 2015. On the contrary, other major gateway cities such as New York, Sydney, Shanghai and Hong Kong have all received a higher proportion of Asian investments in 2015. The Americas have overtaken EMEA to become the top region attracting the largest share of Asian outbound investment, reaching US$22.4 billion (up 109% year-on-year). The Pacific region also saw significant increase of Asian investment (up 45% year-on-year). Meanwhile, growth rates in EMEA (up 7% year-on-year) and within Asia (up 12% year-on-year) are relatively moderate.
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