Asia Pacific Investment Ready to Grow in 2011

Interest in property in the Asia Pacific region is expected to continue into 2011, underpinned by strong economic and real estate fundamentals. Jones Lang LaSalle (JLL) is confident that the current buoyancy seen in the market will be carried into the New Year....

Interest in property in the Asia Pacific region is expected to continue into 2011, underpinned by strong economic and real estate fundamentals. Jones Lang LaSalle (JLL) is confident that the current buoyancy seen in the market will be carried into the New Year.

The property consultant believes that transaction volumes over the course of the coming year will rise by a further 15 per cent to reach USD 88 billion.

JLL explains that the majority of this capital is likely to be raised by Asian-based investors, although inter-regional buyers are expected to enter the market. The bulk of this transaction activity will be concentrated on the office sector, followed by retail, the report adds.

According to the company's recent Asia Pacific Sentiment Survey, approximately 40 per cent of respondents were focusing on cities within developed economies, while around 30 per cent were interested in emerging markets.

However, JLL says that a key constraint to increasing investment volumes in the region is set to be the availability of "investible assets" as a result of government cooling measures.

- Thursday 16 December 2010

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