Investing in the Real Estate Market in APAC
We had an informative online session on investing in the Asia Pacific real estate market on 21 February. Neil Brookes, Global Head of Capital Markets at Knight Frank, said the APAC real estate market saw record-breaking transaction volumes of US$210 billion, with China, Japan and Australia the most active markets. He expects a further 5-10% growth in 2022 as borders gradually reopen, with logistics, residential and office assets highly sought after.
Dr Henry Chin, Global Head of Investor Thought Leadership and Head of Research, Asia Pacific at CBRE Research, said the accelerating growth of omnichannel retail and demand for more resilient and efficient supply chains will be the key drivers in logistics. Investors are looking at Vietnam, Indonesia and Philippines as their key new markets.
Also speaking at the event, Regina Lim, Head of Capital Markets Research at JLL, said the pandemic hit the hotel, office and retail sectors heavily and highlighted to investors the need to place more focus on income-resilient assets such as multi-family, self-storage, data centres and more. She added there is growing demand for Grade A green office buildings to replace traditional, less efficient ones.
Looking ahead, the speakers expected challenges with interest rates hikes and increased competition driving values up. It also remains to be seen how the developments of the Chinese property debt crisis will ripple through the wider market.
Page: 1 / 1