Asian outbound real estate investment was dominated by Chinese investors in 2016. Buyers from the mainland accounted for nearly half of total investment — 47% or US$28.2 billion.
Institutional investors continued to lead investment activity, accounting for six of the top ten biggest outbound deals of the year.
The US remained the preferred destination for Asian capital for the second consecutive year, drawing 43% of the overall total. New York also surpassed London as the top metropolitan destination for outbound investment in 2016.
Compared to 2015, more capital was deployed to alternative gateway cities in 2016 as investors sought attractively priced opportunities.
The period saw a significant uptick in Japanese investment targeted mostly at the US. CBRE Research expects Japanese buyers to step-up overseas investment in the year ahead as they are coming off a low base.