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Chart from JLL.

Singapore is APAC's top cross-border investor in 4Q23

Despite this, Singapore's investment volume fell 29% YoY in 4Q23.

Singapore was the most active cross-border investor with hotel and logistics acquisitions across Asia Pacific (APAC) making up 36% of quarterly investment volume, according to JLL’s report.

Meanwhile, cross-border investments in Asia Pacific declined by 64% YoY to $4.01b (US$3b) in 4Q23.

Commercial real estate investment in Asia Pacific increased 3% YoY in 4Q23 to $42.3b (US$31.6b), reversing seven consecutive quarters of decreasing volumes according to a report by JLL.

This increase drew an upturn despite the 17% decline YoY to $143b (US$106.8b) for the overall investment across the region.

For Singapore, investment volume in 4Q23 fell 29% YoY to $2.4b (US$1.8b), representing the steepest decline experienced in APAC.

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