In the second quarter, Japan and Australia led Asia Pacific property investment momentum.

Despite a 21 percent year-on-year fall in investment turnover compared to a strong 2014, CBRE reports that investment in Asia's property sector climbed 12 percent quarter-on-quarter in Q2 2015 to US$21 billion. Hotel

Cross-border transactions grew 31% to US$7 billion from the same period previous year, while cross-border investment mood remained strong throughout the year, with a rise in inquiries and transactions in tier-one cities such as Shanghai in China. Despite short-term investor fears, the Greek debt crisis and China's stock market volatility are unlikely to have long-term consequences for the Asia Pacific real estate industry.

Ada Choi, Senior Director of Asia Pacific Research at CBRE, said, "Despite the low interest rate environment, the Asia Pacific investment climate suffered this quarter from a continuing scarcity of investible stock and firm pricing by landlords. Despite the fact that these variables have substantially restrained capital movement in the region, total transaction volumes have improved from the previous quarter. Institutional investors, meanwhile, have been seen engaging in major cross-border activities. Three substantial transactions were completed in three distinct markets—Singapore, Hong Kong, and Australia—across a variety of asset classes such as office, hospitality, and developments—reinforcing large institutional players' confident stance in the region's long-term investment prospects.

Interest rate cuts in five major Asia Pacific markets, as well as the region's weaker currencies, are expected to attract more foreign and US dollar-denominated capital seeking attractive opportunities, while currency fluctuations will be moderated in the coming years, boosting international investor confidence even more. Furthermore, we saw active fund raising by seasoned fund managers, with successful closings by managers indicating strong investor demand. Over the course of 2015 and far into 2016, successful fundraising, along with sustained capital disposals from fund expirations, will result in a steady stream of capital deployment."

Other notable investing opportunities in APAC include:

For the quarter, investment momentum was led by Japan and Australia. China, which had improved investor mood in Q2 2015, saw increased activity, while private equity firms in India showed increased interest.

Large institutional investors, particularly Middle Eastern sovereign wealth funds, dominated cross-border purchases in the region. The Abu Dhabi Investment Authority (ADIA) and the Qatar Investment Authority (QIA) concluded three large agreements totaling more than US$4 billion.

The hotel industry had a great quarter, with investment volume totaling more than $5 billion. Due to strong tourist expenditure in these countries, hospitality properties in Japan and Australia were in great demand.

The pricing gap between vendors and buyers, as well as intense competition for assets, could affect investment activity. While the China stock market rout is not expected to have a significant impact on real estate investment in the region, it could cause short-term delays in decision-making and purchasing activities by commercial investors.