Wealthy Asians boosting property allocations

Asian HNWIs are hoovering up property deals even as allocations by institutional allocations fall sharply, according to new research by property advisory company Knight Frank. Allocations to property by HNWIs in APAC, increased 30% in 2022 compared to 2021, accounting for more than US$1.53 billion, even as total investment volumes into the sector across APAC fell 21%, according to figures published in Knight Frank’s annual Wealth Report, on March 1.  Neil Brookes, Knight Frank’s…