Australia, Singapore and China are leading the commercial property market in the Asia-Pacific region in terms of direct investment, new figures show. According to figures from Jones Lang LaSalle, there is likely to be a further increase of buyers to the end of the year.
However, the number of buyers versus sellers in the regions is likely to come back to more realistic levels next year.
During the third quarter, Jones Lang LaSalle reported that Singapore was at the top spot for commercial property investments becoming the third largest market in the region after Japan and Australia.
"We are seeing rising interest from inter-regional investors, who are looking at the differential in growth rates between Asia-Pacific and the rest of the world," said Megan Walters, head of Jones Lang LaSalle capital markets research.
Transaction levels are expected to slow into next year, however. Ms Walters explains that as more Asian countries impose restrictions on property purchases,
foreign and existing investors will become unwilling to enter the market.
- Tuesday 14 December 2010