Data centres push Asia’s cross-border property investment towards 2-year high

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Anticipated growth of 50 per cent will drive 2024 cross-border investments to about US$48 billion, according to Knight Frank.

This, coupled with stabilisation in asset prices, signals a positive shift in market dynamics, Brookes said.“Asia-Pacific is feeling the ripple effects of this global optimism, and we are seeing increased investor confidence across our markets,” he said.“As we move towards the end of 2024, we anticipate this forward momentum to accelerate, potentially outpacing global recovery rates.

The anticipated growth will push investments to about US$48 billion, the highest level in two years, the property consultancy said.

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Article Details

Author / Journalist: Yulu Ao

Category: Business

Markets: Hong Kong

Topics: Global Investments According Billion Cross-border Cent Growth 2024 Knight Year Asia-pacific

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 15:34:22 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 222 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © SCMP

News ID: 23083947

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