— managed to offset that decline and push the overall performance of the region up, it said.
The surge in Asia-Pacific's real estate market comes amid global political uncertainty and economic slowdown, which has hurt investor sentiment. Year-on-year investment in global commercial real estate markets dipped 8% to $156 billion this year, according to the real estate consultancy. Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018.Investments have been "moving out of some of the slower growth economies in the world to the growth in Asia-Pacific," Crow said, which is "partly because the markets are becoming a little bit more transparent.
"We're seeing some of these markets being a little bit harder to access, but now, by the listed and by the unlisted markets, some of the global investors are able to get more access and that's precipitating just more transaction volumes," he explained.
Asian age is beginning