Hong Kong, Singapore lead biggest pullback in Asia-Pacific commercial real-estate deals since 2008 financial crisis

A slump in investment in Hong Kong and Singapore commercial property has contributed to the biggest pullback in a decade across Asia-Pacific, suggesting investors are conserving cash to ride out the coronavirus pandemic. Investment fell by 50 per cent to US$21.3 billion last quarter from a year earlier, according to Real Capital Analytics, which tracks transactions worth at least US$10 million each. That is the least since the second quarter of 2010, it said. The drag reflects the underlying…

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