Strong real estate fundamentals seen for Asia in 2014, says Emerging Trends in Real Estate® Asia Pacific 2014
Survey from ULI, PwC ranks Manila as a top real estate investment market
MANILA (January 9, 2014) – Real estate fundamentals are expected to remain strong in markets throughout Asia in 2014, according to Emerging Trends in Real Estate® Asia Pacific 2014, a real estate forecast jointly published by the Urban Land Institute (ULI) and PwC. The report lists Manila as one of the top five investment markets in the region, along with Tokyo, Shanghai, Jakarta and Sydney.
Emerging Trends, released today in Manila, says that stiff competition for conventional assets in prime markets boosting the popularity of niche property sectors and secondary markets for investments. Unlike other asset classes, real estate in Asia “barely flinched” this year in response to the tapering of the U.S. economic stimulus and expectations of higher interest rates, the report notes. This is due, in part, because of the increase in sovereign wealth and institutional capital being directed to Asian markets, as well as the substantial volume of Asian capital being exported from China, Singapore and South Korea into real estate assets across the region.
Survey from ULI, PwC ranks Manila as a top real estate investment market
MANILA (January 9, 2014) – Real estate fundamentals are expected to remain strong in markets throughout Asia in 2014, according to Emerging Trends in Real Estate® Asia Pacific 2014, a real estate forecast jointly published by the Urban Land Institute (ULI) and PwC. The report lists Manila as one of the top five investment markets in the region, along with Tokyo, Shanghai, Jakarta and Sydney.
Emerging Trends, released today in Manila, says that stiff competition for conventional assets in prime markets boosting the popularity of niche property sectors and secondary markets for investments. Unlike other asset classes, real estate in Asia “barely flinched” this year in response to the tapering of the U.S. economic stimulus and expectations of higher interest rates, the report notes. This is due, in part, because of the increase in sovereign wealth and institutional capital being directed to Asian markets, as well as the substantial volume of Asian capital being exported from China, Singapore and South Korea into real estate assets across the region.
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