Investors are still being drawn into Asia-Pacific commercial property markets, with a new report showing that during the second quarter of the year many of the countries in the region saw rental and capital value growth within the sector. Jones Lang LaSalle's Asia Pacific Office Index noted that Beijing and Jakarta experienced the biggest hike in rents over the three months from April to June, with each also seeing occupancy rates rise.
Head of markets in Asia-Pacific for the company Jeremy Sheldon commented: "Activity levels remain strong especially among the Asian corporate sector. The continued re-emergence of south-east Asia led by Indonesia is very encouraging." Jakarta and Beijing also recorded the greatest quarter-on-quarter increase in underlying values, although Hong Kong performed best on an annual basis.
In the Royal Institute of Chartered Surveyor's Global Commercial Property Survey published at the end of last month, China and Hong Kong were top of the list during the second quarter of the year in terms of investor demand, with both nations also boasting high occupancy rates.
- Monday 08 August 2011