Global housing markets posted mixed signals during the full year ending Q3 2012 according to the latest survey of global house price trends by the Global Property Guide. The bad news is strongly concentrated in Europe as the scale of the European downturn, the sheer size of the downward pressure, continues to surprise. Seven of the 10 Asian housing markets included in the survey performed more poorly...
Asia Property
After experiencing strong growth since 2009, Asian property markets are now either flattening or declining, according to the Wall Street Journal. Reports from Hong Kong, Sydney, Singapore and Beijing reveal that property values have declined, while the Kuala Lumpur and Bangkok markets remain unchanged. As witnessed in Singapore, the decline comes after the government implemented cooling measures to rein...
Recent reports have signalled that property prices across China and other parts of Asia are heading towards a correction. But regional developers and market observers say it is not all doom and gloom yet for the sector. The integrated resorts and international events like the F1 have brought the spotlight on Singapore. They have also piqued foreign investors' interest to invest in luxury properties, say...
Average capital values across luxury residential markets in Asia dropped 0.2 percent in the third quarter of this year, according to the latest Residential Index from Jones Lang LaSalle (JLL). JLL added that price growth has steadily slowed from the 7.4 percent quarter-on-quarter rise recorded in Q3 2009. In Q3 2011, sales activity cooled further, with fewer launches and sales recorded in most markets...
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...
From Mumbai to Melbourne, Asia’s property boom is stalling as the world’s highest interest rates and government efforts to curb prices take hold. In China’s biggest cities, growth slowed in April after the government stepped up property measures. In India and Australia, prices are falling after the steepest interest rate increases among major economies. In the financial hubs of Hong Kong and...
Asia Pacific will trail Europe to become the second-biggest commercial property market by the end of this year, according to global property consultants DTZ. But come 2012, DTZ said Asia Pacific's commercial property market will increase to US$4.4 trillion, placing the region on par with its European counterpart. Asia Pacific's commercial property market grew by 14 per cent in 2010 to US$3.5 trillion,...
Commercial property leased out by investors in the Asia-Pacific, or invested stock, increased 14 per cent last year, displaying the region's flourish while markets in Europe and the United States languished, according to the yearly Money into Property report by real estate consultancy DTZ. The Asia-Pacific's invested stock is also forecast to match current global leader Europe's level by rising to US$4.4...
Asia-Pacific markets led the patchy recovery in home prices in the third quarter with an average increase of 9.9 percent, based on the global house price index by Knight Frank. For the first time since 2008, prices in all six world regions tracked by Knight Frank saw increases in Q3. Asia-Pacific markets topped the list of gainers, while European markets were at the bottom of the list with only a 0.8...
Runaway private housing prices compelled governments to impose cooling measures, with varying results Asia's residential property market stole much of the limelight this year as concerns of record property prices spurred government intervention in the form of repeated cooling measures. Singapore, China and Hong Kong were among the jurisdictions that have introduced anti-speculative measures to cool down...