Asia Pacific real estate investment has experienced its "first major signs of resumption", with new research showing volumes rebounded 35 per cent quarter-on-quarter.

JLL's Asia Pacific Capital Tracker indicates the uptick was led by activity in North Asian markets, with China (-10 per cent year-on-year), South Korea (-2 per cent year-on-year) and Japan (-18 per cent year-on-year) all experiencing more transactional activity due to some resumption of economic activity in their respective markets.

Concurrently, Tokyo and Seoul have also emerged as the top two cities globally for investment year-to-date 2020, according to JLL Research. 

Asia Pacific Capital Tracker Q3 2020 - At a glance:

• Asia Pacific real estate investment rebounds 35 per cent in Q3 2020.
• Quarter-on-quarter rise led by stronger investor activity in China, South Korea and Japan.
• Third quarter volumes down 19 per cent year-on-year in Asia Pacific.

Source: JLL

The report also showed investment activity in Australia (-45 per cent year-on-year) and Hong Kong (-27 per cent year-on-year) remained subdued over the quarter.

JLL Asia Pacific Capital Markets CEO Stuart Crow said while overall third quarter numbers were down 19 per cent year-on-year, transactional activity accelerated across several major markets as investors deployed capital with more confidence than at any other period of 2020.

"Investment volumes showed meaningful improvement in China, Korea, and Japan," he said.

Source: JLL

"The uncertainty will remain for the foreseeable future, but we believe that low transactional activity has bottomed out, and our optimism for the fourth quarter continues to grow.

"Investors returned in greater numbers in the third quarter, reaffirming their appetite for North Asia assets and real estate linked to logistics and data centres.

Source: JLL

"We're confident that the fourth quarter will present a broader range of opportunities across the region, particularly in classes like multifamily and rebounding markets like Singapore."

Click here to download a copy of the report.

Similar to this:

Asia Pacific real estate investment 'to accelerate in 2021' - JLL

Asia Pacific posts record volume of real estate transactions in first three quarters of 2019, says JLL

CapitaLand to take part in largest office transaction in Asia Pacific this year