Asia Pacific Capital Tracker Q2 2023: Crossing the Rubicon

Volumes in Japan outshone the rest of the region which reported fewer deals in the second quarter.

August 07, 2023

Investment volumes in the region declined 17% year-on-year to US$26.8 billion, with office and retail sectors hardest hit by shifting sentiment and inflationary pressures, data from our latest Capital Tracker shows.

Japan extended its streak as the most active market in Asia Pacific with US$7.1 billion in the second quarter as the rest of the major markets in the region experienced a dip in deal activity.

While investment from Europe and the Americas pulled back from the region’s office sector, intra-regional capital plugged the gap. A notable portion of investment volume in Japan and Australia was cross-border.

Looking ahead, markets in the region will likely face varied levels of price uncertainty affected by disparate interest rate outlooks and volatility in the debt market. How will this influence the outlook for the rest of the year? Where are the untapped growth opportunities?

Explore the latest Capital Tracker for insights on how to recalibrate your investment strategies for the rest of the year.

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