2Q2016 recorded an overall investment quarter to quarter increase of sales of 19% amounting to US$23.1 million in the second quarter in 2016. This was driven primarily by several large buying transactions. One of these large transactions is the largest new office transaction through the acquisitions of Asia Square Tower One in Singapore by the Qatar Investment Authority for an amount of US$2.5 billion. This new commercial property transaction contributed significantly to the increase.
China experienced 39% quarter to quarter increase in investment sales and this is mainly because its domestic investors enjoy various avenues of cheap funding.
Australia has seen offshore capital remaining active with transactions driven mainly by foreign investors with investment sales account up to 35% quarter to quarter of US$2 billion.