However, the figures were disproportionately propped up by a number of large portfolio deals in China and Japan that reached US$13 billion for the quarter, and accounted for 43% of overall investment volumes. Five portfolio deals were valued above US$500 million each, with the largest being the CITIC China Overseas US$4.7 billion residential assets sale. In Singapore, transaction volumes rose by 54%, but were limited to the office sector, and included Keppel Land’s sale of a stake in Capital Square to ARA Asset Management. China posted a 28% increase in direct real-estate transactions to US$10 billion, due in part to the mega portfolio deals, and in part to the continued demand for China real estate. In Australia, transaction volumes fell 13% to US$5.1 billion, but remained at its long-term average.

Source: The Edge Markets November 08, 2016 08:41 UTC