Driven by development land sales in China's secondary cities, China recorded the highest volume of investments at $358 billion in 2013, more than 70 percent of the Asia-Pacific region, a report said.

In its latest survey, Investment MarketBeat 2013, Cushman & Wakefield, the world's largest privately held real estate consultancy, said that a record $487 billion has been invested in the real estate sector in the Asia-Pacific region, an increase of about 13 percent over the previous year.

Top 10 trading partners of the Chinese mainland

Of the countries surveyed about investments, China remained the hot spot for investments with volumes of more than $358 billion in that market, with the emerging markets of China (all markets excluding Shanghai and Beijing) receiving in excess of $300 billion.

China's core markets, which ranked second, saw a rise in investment volumes of more than 50 percent recorded, at $57 billion.

Sigrid Zialcita, managing director of research, Asia-Pacific, at Cushman & Wakefield, said: "While China's growth is likely to cool from historical levels, investor sentiment has not waned.

"Its growth story - one of urbanization, rising affluence, a growing middle class and, now, a potential population boom because of the easing of China's one-child policy - continues to entice. The relevance of its secondary markets in an investment strategy will also grow with the availability of better, newer quality stock."

Japan came in third with investments of $44.6 billion being deposited in various asset classes, demonstrating a rise of about 26 percent year-on-year.

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