A rapid resurgence in capital values among prime properties,
improving business sentiment and growing investor confidence ensured that Asian real estate continued to grow in stature at the end of 2010.
The latest analysis of the market by CB Richard Ellis (CBRE) has shown that Hong Kong, Japan, Singapore and China all recorded impressive transaction levels during the final three months of the year, with USD 62 billion spent.
This figure represented a 59 per cent rise in activity year-on-year and ensured that 2010 ended positively for the region. Interest from foreign investors also increased toward the end of the year, although a number of buyers remained reluctant to commit to purchases.
Going forward, CBRE noted that the outlook remains positive, with further real estate investment
and portfolio expansion from Asian pension funds, sovereign wealth funds and REITs across Asia's mature and emerging markets expected in 2011.
The consultancy added that there will be increasing investment demand in Japan and Singapore as rental and capital values for prime assets recover gradually.
- Tuesday 22 March 2011