Asia Pacific Capital Tracker 3Q22: Fasten your seatbelts

Investment volumes softened for the third consecutive quarter on the back of limited deals in major markets and rapid currency depreciation

October 14, 2022

High-profile office transactions in Sydney and Melbourne fuelled a 15% surge in Australia’s Q3 volumes, while South Korea recorded US$6.4 billion with healthy activity in the office and logistics sector. But the slowdown in deals in major markets and weakening Asian currencies saw the region’s investment volumes fall 29% year-on-year to US$28 billion.

  • More evidence of pricing adjustment for non-core assets in South Korea and Australia
  • Construction costs were impacted by input from material, wage, and the rising cost of debt
  • Rates will stay higher for longer- no doubt. Floating rates are inching closer to fixed rates in some markets
  • Dry powder is shrinking for core, core plus. Fundraising activity concentrated in opportunistic strategies, drops off for value add
  • Green leases and certified stock having notable effect on assets, as illustrated thru trades
  • Valuation dislocation: REITs as a forward indicator for private assets

What are the key trends emerging this quarter? Which sectors are poised for further growth? Download our Capital Tracker 3Q22 for the latest sector and market insights to guide your investment strategies.

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