Institutional investors led Asian outbound investment in 2016, with China replacing Singapore as the largest source of capital. The report found: 1) Total Asian outbound investment was US$60 billion in 2016. 2) China was the largest source of outbound capital, investing US$28 billion, followed by Singapore with US$12 billion. 3) The Americas received US$25.5 billion in investments while Europe received US$16.2 billion.

1. INSTITUTIONAL INVESTORS* LEAD INVESTMENT ACTIVITY
A S I A N O U T B O U N D I N V E S T M E N T 2 0 1 6
CBRE RESEARCH
This report was prepared by the CBRE APAC Research Team, which forms part of CBRE Research – a network of preeminent researchers who collaborate to provide real estate market research and econometric forecasting to real estate.
© 2017 CBRE, Inc. Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm
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Singapore has
the most diverse
sector exposure
China leads
outbound
investment
CHINA REPLACES SINGAPORE AS LARGEST SOURCE OF CAPITAL
Hotel
IndustrialOffice
Retail
Residential
Other
Mixed-use
China US$
2
8bn.
25%
in New York
41%
in London
AMERICAS
US$ 25.5bn.
EMEA
ASIA
US$ 16.2bn.
US$ 14.0bn.
PACIFIC
US$ 4.4bn.
Country
Sector
US
Majordestinations
H
ong
Kong
U
K
UK
Australia
South Korea
Europe
Japan
US
Hong Kong
US$ 8bn.
South
Korea
US$
7bn.
Other
US$3bn.
Japan
US$
3bn.
1
2
3
1
2
3
Singapore
US$12bn.
TOTAL
INVESTMENT US$ 60.0bn.
Property Company
Conglomerate
Property Fund
Private Investor
Others
Sovereign Wealth Fund
Insurance Company
Other Institutions
China
Singapore
South Korea
Major sources
of capital:
China
South Korea
Taiwan
1
2
3
1
2
3
43%
of the total
27%
of the total
63%
of the total
37%
of the total
23%
of the total
23%
of the total
Other Investors
Institutional Investors
of the total
7%
1
2
3
30%
in Hong Kong
53%
in Sydney
Institutional investors include Insurance firms, Sovereign Wealth Funds, Pension
Funds and other institutional investors
Transactions include deals in the Office, Retail, Mixed, Industrial, Hotel,
Residential and Other commercial sectors. Development sites are excluded.
Source: RCA, CBRE Research, February 2017
Chinese outbound
investment intentions will
remain strong in 20171
.
However, activity is expected
to slow as tighter capital
controls will lengthen the
deal process, particularly for
larger sized deals.
1
CBRE Asia Pacific Investor Intentions Survey 2017
*