There has never been such a high volume of commercial property transactions in Asia Pacific.

In terms of global property purchases, Hong Kong, Singapore, and South Korea were all in the top ten places. Commercial real estate transaction volumes in Asia Pacific reached a record high in the third quarter of 2019, according to new statistics from global real estate consultant JLL. freelancers

For the first time ever in the third quarter, according to JLL's Global Capital Flows report, transaction volumes grew by 18 percent year over year to $42 billion. This represents a 10% increase in volume as compared to last year. With respect to transaction volume, Asia Pacific's production outpaced the global average by a factor of two in the first three quarters of 2018.

According to Stuart Crow, CEO of JLL's Asia Pacific Capital Markets, investors in the region are looking beyond current hurdles including slowing GDP and trade concerns. "Liquidity has improved in markets where occupier fundamentals are strong, such as Seoul, Tokyo, and Singapore. Asian investors will likely diversify their real estate holdings both inside Asia and abroad in the months to come as they seek higher income."

In the first three quarters of the year, real estate transactions in Seoul totaled $15.4 billion, making it the most liquid Asian city.

Shanghai and Singapore are notable examples of global cities.

Increasing transaction volumes are being fueled mostly by China's good start to the year, which has kept activity there high. According to the study, Singapore's strong rebound — where year-to-date activity is already at an all-time high — has helped regional development.

As of the third quarter, Shanghai has attracted $14.4 billion in investment, of which $3.5 billion was made in the first nine months. Shanghai attracted the most cross-border investments in the first three quarters of this year, followed by Singapore and Sydney in Asia Pacific. Third in the world, after Paris and London.

A strong office real estate market, with volumes rising by over 175 percent year on year, was found in Singapore, thanks to substantial rental growth and net absorption. Allianz and Gaw Capital's $1.15 billion purchase of Duo Tower in July pushed deal value in the city-state to new heights.

As Asia Pacific's third-largest recipient of cross-border investment, Sydney has seen a flurry of large-scale transactions this year. In the second quarter, Blackstone acquired Scentre Group's office property for $1.1 billion. Canada's pension funds and Singapore's corporations made up the bulk of foreign investment in Sydney in the third quarter. International capital inflows to Sydney are up 88% year-to-date, at $3.5 billion, compared to the same period last year.

Buyers from Asia were participating in the sale.

Asian markets were among the most important sources of cash for cross-border acquisitions for nine months of this year, with Singapore making the top ten list of capital exporters, followed by South Korea and Hong Kong.

Because of the low financing costs and abundant assets in continental Europe, Mr. Crow believes that Asian investors will put their money to better use by investing in countries like Germany and France after Brexit.

'Investors are continuing to pour money into commercial real estate in Asia Pacific in quest of yield without taking on too much risk,' according to the report.

Commercial real estate investments in Asia Pacific are likely to rise 13% in 2019, according to JLL, with further acceleration expected in the fourth quarter.