INSTITUTIONAL INVESTORS* LEAD INVESTMENT ACTIVITY

A S I A N O U T B O U N D I N V E S T M E N T 2 0 1 6

CBRE RESEARCHThis report was prepared by the CBRE APAC Research Team, which forms part of CBRE Research – a network of preeminent researchers who collaborate to provide real estate market research and econometric forecasting to real estate. © 2017 CBRE, Inc. Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.

Singapore has the most diverse sector exposure

China leads outbound investment

CHINA REPLACES SINGAPORE AS LARGEST SOURCE OF CAPITAL

Hotel

IndustrialOffice

Retail

Residential

Other

Mixed-use

China US$ 28bn.

25% in New York

41% in London

AMERICASUS$ 25.5bn.

EMEA

ASIA

US$ 16.2bn.

US$ 14.0bn.

PACIFICUS$ 4.4bn.

Country

Sector

USMaj

or

dest

inat

ions

Hong

Kong

UK

UKAustralia

South Korea

EuropeJapan

US

Hong Kong

US$ 8bn.South Korea

US$ 7bn.Other

US$ 3bn.

Japan

US$ 3bn.

1

2

3

12

3

Sing

ap

ore

US$ 12bn.

TOTAL INVESTMENT US$ 60.0bn.

Property Company

Conglomerate

Property Fund

Private Investor

Others

Sovereign Wealth Fund

Insurance Company

Other Institutions

ChinaSingaporeSouth Korea

Major sourcesof capital:

ChinaSouth KoreaTaiwan

12

3

1

2

3

43%of the total

27%of the total

63%of the total

37%of the total

23%of the total

23%of the total

Other Investors

Institutional Investors

of the total7%

1

2

3

30% in Hong Kong

53% in Sydney

Institutional investors include Insurance firms, Sovereign Wealth Funds, Pension Funds and other institutional investorsTransactions include deals in the Office, Retail, Mixed, Industrial, Hotel, Residential and Other commercial sectors. Development sites are excluded.Source: RCA, CBRE Research, February 2017

Chinese outbound investment intentions will remain strong in 20171. However, activity is expected to slow as tighter capital controls will lengthen the deal process, particularly for larger sized deals.

1 CBRE Asia Pacific Investor Intentions Survey 2017

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