| Real estate transaction volumes in Asia Pacific as at 31 December 2011 decreased by 32% year-on-year to US$85.3 billion, and have moderated 18% since the end of Q3, according to a quarterly report produced by the Asia Pacific Real Estate Association (APREA), which promotes and represents the Asia Pacific real estate asset class, and Real Capital Analytics (RCA).
Peter Mitchell, CEO of APREA, commented, “Concerns over the Eurozone debt crisis contributed to the moderation in the fourth quarter. A strong performance by Singapore helped mitigate the declines in other countries.”..............................................Full Article: Source
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