These are the big-ticket office property deals to watch out for in APAC

The deals are expected to set a benchmark for buyers and sellers, following a lacklustre Q1.

According to a JLL report, the Asia Pacific office investment volume tumbled to a historic low of USD 12.7 bn in Q1. 

Large pockets of the region reported fewer office trades hindered by interest rate headwinds and asset repricing. 

Here’s more from JLL:

A lack of transactions was observed, particularly in Singapore and Hong Kong. Regionally, big-ticket deals (above USD 300 mn) nearly evaporated with asset managers having more difficulty securing funds. 

Bearish outlooks towards US and EMEA offices started to permeate the region with global investors active in Asia turning more cautious. Yet APAC fundamentals remain robust, a stark contrast from its peers.

The regional office market will likely see clarity around recalibration in asset values in the coming months. Highly anticipated core office deals are expected to close soon, setting a benchmark for sellers and buyers. 

Australia: Large-ticket transactions -- 50% stake in Salesforce Tower, 60 Margaret St, and 44 Market St are nearing finalisation 

Korea: Soon to close prime office towers include Concordian and Alphadom Tower are expected to rejuvenate investor confidence, spurring more office sales campaigns. 

Japan: Investors refocused on Grade B offices with Grade A likely to underperform amid a strong supply cycle and weak leasing market.