Asia Real Estate Investments Fall 13% on Delayed Rate Cuts

Hong Kong saw the steepest drop of 54%, mainly due to an uptick in distressed assets and continued macroeconomic uncertainty.
Photographer: Lam Yik/Bloomberg

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By Sharon Chau and Krystal Chia

July 25, 2024 at 1:37 AM UTC

This article is for subscribers only.

Asia Pacific commercial real estate investment volume declined by 13% the three months ended in June compared with the previous quarter to $22.9 billion, according to data from researcher CBRE Group Inc.

Hong Kong saw the steepest drop of 54%, mainly due to an uptick in distressed assets and continued macroeconomic uncertainty.