"The Asian Pacific markets, despite them being very active in terms of real estate and growing rapidly, are not as mature as the European and the American markets when it comes to direct real estate investment into the commercial sector proportionate to their economies," Chris Fossick, managing director of Singapore and Southeast Asia said.
The firm's Investment Intensity Index compares the volume of direct commercial real estate investment in a city over a three-year period from 2014 relative to the city's GDP. Released this week, the report found cities in Europe and North America topping the list of preferred investment destinations.
Leading the list was Oslo, which displaced London in 2015 as Brexit fears set in. Munich, Edinburgh and Silicon Valley featured in the third to fifth places, while Sydney, New York and Paris came in at the eighth, ninth and 11th places, respectively.