NEW DELHI: Commercial investment transactions in India fell 94% year-on-year in terms of value in the first five months of 2020, the most among Asia-Pacific (APAC) countries, according to a report by property consultant
Knight Frank. 'Recovery from Covid-19' report finds such transactions, including investments of big funds and high net worth individuals in commercial properties in
APAC, fell 52% on-year in terms of value to $44.1 billion. Singapore, Hong Kong and China recorded an 88%, 83% and 34% decline, respectively. The report said commercial deals were postponed in Mumbai, Delhi, Bengaluru, Jakarta, Singapore and Tokyo.
The report said real estate activity is picking up in APAC, with mainland China, South Korea, Taiwan and New Zealand leading the way. "As more companies and occupiers look to release capital, they can direct investments back into their core businesses. We expect to see more sale and leaseback opportunities come to the market," said
Neil Brookes, head of capital markets,
Asia Pacific of Knight Frank.