Positive H2 outlook for Asia’s commercial properties

Commercial properties in Asia will continue to do well in the second half of this year, according to real estate investment house Pacific Star in its biannual Asia Property Outlook and Strategy report.

Pacific Star, a real estate investment house, said the Asian real estate environment continues to shine, despite greater global uncertainty, as it is supported by favourable economic fundamentals and positive consumer sentiment.

Pacific Star noted that capital values have risen on the back of solid rental growth as regional economies continue expand strongly.

Within the commercial sector, the investment house picks retail real estate as its top investment choice.

It said retail properties here are supported by strong retail spending, and rising tourism inflows to Asia

Pacific Star’s also picks Hong Kong, Singapore and Kuala Lumpur as the top three destinations in the region for retail property investment.

It said Hong Kong is supported by tourist spending from China and Singapore is enjoying a surge in visitors due to its integrated resorts.

Rising wages and positive consumer sentiment are also boosting retail spending and real estate fundamentals in Kuala Lumpur, it said.

Source : Channel NewsAsia – 2 Aug 2011

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