Cheyenne Hollis | Nov 16, 2012 | Comments 1
Singapore and Hong Kong are two of the markets that continue to see record investment in the face of economic worries.
Investors' continued caution over the slowing economy and Eurozone debt crisis has not slowed buying momentum in key real estate investment markets in Asia Pacific, according to a CBRE press release.
Investment turnover of US$19 billion was 21 percent above the three-year quarterly average, with q-to-q transaction volume declining just at 4 percent. The sub-US$250 million market segment drove activity this quarter, posting a 17 percent increase in activity q-to-q.
"Investors remain optimistic regarding the medium to long-term outlook for the region, despite the ongoing worries over external factors including the Eurozone debt crisis and weak United States economy," Nick Axford, executive director and head of CBRE Research, Asia Pacific commented. "There is increased interest from investors outside the Asia Pacific region and a structural increase in demand from expansion of Asian institutions."
Investment flows remained high in several major markets including Hong Kong, Singapore, Japan and Australia. Hong Kong saw an increase in deals involving office properties, and the bulk of office deals in this market were transactions for strata-title floors in decentralized locations that continue to record rental growth, the press release noted.
Over the quarter, domestic buyers continued to dominate investment activity, accounting for 80% of transaction volume. Australia, China and Japan remained the preferred destinations for foreign investors, while Singapore recorded its highest quarterly volume of net disposals by foreign investors since 2005
Filed Under: Asia (General) • Country News • News
Source: http://www.news.thethailandlinks.com/2012/11/17/economic-concerns-not-slowing-investment-in-asia-pacific/
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