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Asia-Pacific realty market to see investments rise
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MORE than 60 percent of respondents in Asia-Pacific will continue to increase their investments in the region’s real estate market, with China picked as the most attractive destination.
A real estate investor intentions survey done by CBRE revealed that 64 percent of the respondents expect their investments this year to rise over last year’s record US$90.4 billion invested in real estate in Asia-Pacific, which represented a year-on-year growth of 24 percent.
The office sector was picked as the most popular sector for investment by 32 percent of the respondents, while 29 percent chose industrial and logistics and 21 percent opted for residential.
The survey released yesterday gauges the appetite and outlook of Asia-Pacific real estate investors for the rest of the year.
“Despite some obstacles and threats, investors generally retained a positive outlook toward the Asia-Pacific region’s longer term prospects,” said Greg Penn, managing director of capital markets Asia for CBRE.
“Investors are looking to commit substantially more (capital). The attractiveness of Asia-Pacific as a region persists as a result of economic growth levels that remain higher than global average, long-term demand for quality commercial property and rapid urbanization.”
China is the most attractive spot for investments — excluding respondents selecting their own market of domicile — followed by Australia and Japan.
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