Market Snapshot: Asia Pacific 2023

In 2022, transaction activity in the Asia Pacific remained steady with a 4% increase in transaction volumes, achieving a transaction volume of approximately USD13. While some larger markets may have experienced slowed transaction volumes in the past fiscal year, most notably South Korea and China, other markets are making gains, including both Australia and Japan. Both countries registered increases in the past fiscal year in transaction volumes of over a billion USD. Ongoing market conditions including interest rate hikes, slower than anticipated resumption of flight routes and visitors continue to extend an uncertain investment environment in the year ahead. Transaction History in the Asia Pacific. Number of transactions have remained the same from 2021 to 2022, with transaction volumes increasing slightly by 4% year over year. In 2022, transaction activity from the top ten investors in the Asia Pacific accounted for approximately USD4.24 billion or 35% of total transaction volume. In 2022, transaction volumes have steadily increased after a period of slowed activity throughout 2021, impacted by diminished investment sentiment arising from COVID. South Korea showed resilience with over USD4 billion in investments recorded, representing an 18% increase versus the previous year. In reviewing activity by number of transactions, Singapore-based GIC recorded 12 transactions in Australia, and four transactions in Japan.