Investment volume in the Asia Pacific region grew by 22.9% to $109.8bn over the first quarter, compared to the same period in 2012.

A report by Cushman & Wakefield found regional investment volume doubled when compared to the final quarter of last year.

Total first-quarter investments into core countries more than doubled from the fourth quarter last year, but was about stable when compared to the same period last year at just 7% higher.

But investments into emerging markets totalling $22.6bn were up by more than 30% on last year, while they increased by more than a fifth on the last quarter.

In particular, foreign inflows into Malaysia this quarter have surpassed the annual totals for each of the past four years, with $630.9m invested into land sites in the Iskandar region.