News Snapshot:
Singapore Asian outbound property investments fell 37% year-on-year to US$30 billion in 2020, hit by travel restrictions due to the coronavirus pandemic, according to CBRE Group Inc., which expects the trend to reverse this year driven by investor appetite for logistics assets. Logistics was the only sector that registered a gain last year. Asian outbound investments into the sector soared 242.8%, driven by the sharp uptick in e-commerce activities as a result of Covid-19, the US property investment firm says in a statement on February 26. It did not give a dollar figure for the logistics investments. “Despite the weaker...
