Mon, 09/08/2010 - 15:09
Asian economies continued their upward momentum in the second quarter, but the sovereign debt crisis in the eurozone and questions about the sustainability of growth in China may affect Asia’s performance in the next six months, according to a report from Pramerica Real Estate Investors.
Notwithstanding the slight increase in the region’s credit market risk in the quarter, the region’s IPO market was strong, accounting for 56 per cent of global activity.
The region’s real estate investment trust market returns were diminished by the weaker sentiment in the broader equity market in the second quarter. Japan’s Reit market dropped by seven per cent, while the markets in Hong Kong, Singapore and Malaysia made slight gains.
Rents of class A office space in the region appear to have bottomed, as demand for space is on the rise. The market was bolstered by an improvement in business confidence.
Asia’s retail market is stable due to the strong economy. High occupancies and robust tenant demand have created a favourable environment for landlords that will persist in the near term, the report states.
Victoria Sharpe, chief executive officer Asia, says: “Asia sustained its upturn in the second quarter due to brisk exports and domestic consumption. Labour markets in the region also saw continued improvement, which boosted consumer confidence and spending. China’s economy continued to register double-digit growth, but the pace moderated in light of recent policy measures targeting the property market. Even though those measures should help mitigate the risk of a property market bubble, they could also slow the momentum of the broader economy in the quarters ahead.
“Leasing demand in the region’s office market in the second quarter was generally unaffected by the volatility of global financial markets, with increased demand for class A office buildings encouraging landlords to be firmer about rental expectations. In some markets, such as Hong Kong and Seoul, reduced new supply in key submarkets could lead to upside in rents.”
Wed 05/11/2014 - 11:32
Fri 24/10/2014 - 14:01
Tue 21/10/2014 - 14:03
Fri 17/10/2014 - 06:02
Fri 21/11/2014 - 10:13
Mon 17/11/2014 - 17:37
Mon 17/11/2014 - 17:33
Tue, 04/Aug/2015 - 14:19
Tue, 04/Aug/2015 - 14:16
Tue, 04/Aug/2015 - 14:15
Tue, 04/Aug/2015 - 14:13
Tue, 04/Aug/2015 - 13:59
Tue, 04/Aug/2015 - 07:45