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About Rich JohnstonFounder of Bleeding Cool. The longest-serving digital news reporter in the world, since 1992. Author of The Flying Friar, Holed Up, The Avengefuls, Doctor Who: Room With A Deja Vu, The Many Murders Of Miss Cranbourne, Chase Variant. Lives in South-West London, works from Blacks on Dean Street, shops at Piranha Comics. Father of two. Political cartoonist.
Despite Covid, Asian Outbound Real Estate Investment Recovering in 2021
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The U.S. is top destination for Asian outbound property investment
According to new research from global property consultant CBRE, Asian outbound commercial real estate investment volume declined 37% year-over-year to $30 billion in 2020, as Coronavirus-related obstacles including restrictions on travel and site inspections impeded purchasing activity.
Singapore retained its position as the most active source of outbound capital for the third consecutive year, accounting for $12.1 billion worth of deals in 2020. The Korean won s lower hedging costs against the US dollar contributed to investors from this market accounting for nearly half of Asian outbound investment stateside, and the second-largest source of outbound funds overall. Mainland China was third in terms of weight of outbound capital, underpinned by several major purchases in Australia. Although outboun