Investor appetite grows for Asia Pacific real estate
While not devoid of concern, investors remain upbeat about Asia Pacific property, and many plan to increase their investment in the region this year, according to CBRE’s Asia Pacific Investor Intentions Survey 2014.
Asia Pacific’s real estate investment turnover for 2013 totalled US$90.4 billion, an increase of 24 percent year-on-year and the highest amount recorded since CBRE began collecting data in 2005. Some 64 percent of survey respondents expect their 2014 transaction activity to be above 2013 levels.
But a few matters still concern these property investors, notably economic slowdown or weakness, the perception that property has become overpriced, and the effects of US tapering of quantitative easing and rising interest rates.