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Commercial properties absorb $11.9b in Q3
By Cao Qian |
October 26, 2010, Tuesday
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Online Edition
Online Edition
THE commercial real estate investment market on the Chinese mainland remains the most liquid in Asia Pacific in the third quarter of this year despite declining volumes.
Commercial real estate invesment sealed on the Chinese mainland totaled US$11.9 billion in the July-September period, a 21 percent drop from the second quarter, according to a latest research released by DTZ, an international real estate services provider.
That, however, still accounted for 40 percent of overall activity registered in the region during the period, according to the research.
"Additional restrictions imposed by the Chinese government in the residential sector have continued to impact on commercial real estate investment with volumes continuing to fall in the country, though slowing from a quarter earlier," said David Green-Morgan, head of DTZ Asia Pacific Research. "And despite the continuing slowdown in bank lending in China, investment activity in the region kept improving with more investors now starting to look outside their own domestic markets for opportunities."
Across the region, commercial real estate transactions expanded 8 percent in the third quarter to US$29.6 billion, with Australia and Hong Kong both recording a quarterly increase of more than 40 percent, according to DTZ research.
A separate report made by Jones Lang LaSalle, another major property services provider, also noted a marked increase of 12 percent in commercial real estate investment in the Asia Pacific region.
"The Asia Pacific investment market is benefiting from optimistic business sentiment, resurging investor confidence and strong economic fundamentals," said Stuart Crow, head of capital markets for Asia Pacific. "For the whole year, transaction volumes of commercial real estate across the region might increase by 15 to 25 percent from 2009."
Commercial real estate invesment sealed on the Chinese mainland totaled US$11.9 billion in the July-September period, a 21 percent drop from the second quarter, according to a latest research released by DTZ, an international real estate services provider.
That, however, still accounted for 40 percent of overall activity registered in the region during the period, according to the research.
"Additional restrictions imposed by the Chinese government in the residential sector have continued to impact on commercial real estate investment with volumes continuing to fall in the country, though slowing from a quarter earlier," said David Green-Morgan, head of DTZ Asia Pacific Research. "And despite the continuing slowdown in bank lending in China, investment activity in the region kept improving with more investors now starting to look outside their own domestic markets for opportunities."
Across the region, commercial real estate transactions expanded 8 percent in the third quarter to US$29.6 billion, with Australia and Hong Kong both recording a quarterly increase of more than 40 percent, according to DTZ research.
A separate report made by Jones Lang LaSalle, another major property services provider, also noted a marked increase of 12 percent in commercial real estate investment in the Asia Pacific region.
"The Asia Pacific investment market is benefiting from optimistic business sentiment, resurging investor confidence and strong economic fundamentals," said Stuart Crow, head of capital markets for Asia Pacific. "For the whole year, transaction volumes of commercial real estate across the region might increase by 15 to 25 percent from 2009."
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