Chinese investors continue to shift their focus from the US to Asia, particularly Belt & Road Markets of Southeast Asia, where increased capital flows have been tracked, says a recent 3Q2017 report on real estate investment in Asia by Colliers International.

According to the report, markets such as Vietnam are already seeing strong inbound interest from Chinese investors. However, Hong Kong, Singapore and Shanghai continue to be the top three investment destinations in Asia.

Singapore has had significant transactions in both commercial and residential sectors in 3Q2017, says the report. According to Tang Wei Leng, managing director of Colliers International, Singapore, the firm anticipates the next quarter to be dominated by collective sales, spurred by land-hungry developers.

Besides large-ticket deals, Hong Kong saw 222 en bloc transactions in the quarter alone. According to Colliers, the industrial and logistics sector was the strongest performing, with HKD10 billion ($1.75 billion) in deal value transacted in 3Q2017.

In Shanghai, Colliers says that robust investment activity was recorded in residential, commercial and industrial and logistics sectors. Eight en bloc transactions, all by domestic investors, were concluded in the quarter, which amounted to US$1.4 billion ($1.91 billion) in total.