Jul 15, 2010 - PropertyGuru.com.sg
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Singapore is one of the most active regional investors in the Asia-Pacific in terms of cross border commercial real estate investments, according to a study conducted by property consultancy group DTZ Research.DTZ said investors from Singapore, Australia and Hong Kong spent almost US$1.8 billion in Q2, an amount that predominantly targeted the markets in Singapore, Hong Kong and China.
However, the volume of commercial real estate investments transacted in the region dropped 49 percent on-quarter to US$21.5 billion in Q2 this year.
DTZ said the tighter policy measures in China, which mainly target the residential sector, had an effect on the commercial property activity, as well as led to a sharp drop in land sales for mixed-use developments.
In spite of the decline in sales volumes, China remains the most liquid market in the region. However, its market share dropped during the quarter to 47 percent from 62 percent in favour of Singapore, Taiwan and Australia.
Investment transactions in Hong Kong and Singapore in Q2 also recorded a slight drop of 15 percent from the previous quarter.
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Reader Comments: (4 comments)
question is this sustainable ? if yes, how it will impact the local potential owners ?
What is the position of Singapore in the world (not only in Asia Pacific)when it comes to cross border commercial real estate investments?
this is actually not a surprising news. Singapore's economy is performing well over the past quarters. But, i guess the government needs to tone up its property market, sharp drop in real estate investments could affect this positive result.
Very interesting fact to know that Singapore is among the most active commercial property investors in the region despite the global ecnomic downturn.