Asian property markets remain firm
Overall activity in Asian property markets remains firm, and recent developments brighten prospects for the coming year and should raise confidence among investors, developers and occupiers, according to a new report by Colliers International.
Despite headwinds, such as the general economic slowdown, trade situations between the United States and China, and social situation in Hong Kong, the fundamental attractions of Asia’s top occupier locations, such as Singapore, Tokyo, Shanghai, and even Hong Kong, remain little changed, notes Colliers’ annual Asia Market Outlook report for 2020. Furthermore, economic prospects for the region have recently brightened, due partly to an easing of U.S.-China trade situations, while the rapid growth of Indian cities and the emergence of new mega-regions in China is creating new centers for occupier expansion.
The Indian cities of Bangalore and Hyderabad are expected to be two of the three fastest-growing Asian cities betw