According to Colliers International’s Asia Pacific Real Estate Investment Market Bulletin – 2Q2009, the overall investment sentiment in the region saw a distinct improvement in past quarter.
“Despite the fact that the region is still in the amidst of a consolidation, the pace of downward adjustment of a number of economic indicators has tapered off,” said Simon Lo, Director of Research & Advisory, Colliers International Hong Kong. “This not only indicates that the worst situation is over, but that there is also more hope for a global recovery towards the end of 2009.”
Buying interests were concentrated primarily on the office and residential properties in the region in 2Q2009. Office investment yields in Asia Pacific edged down by 19 basis points (bps) during the quarter, with Hong Kong’s dropping the most at 110 bps. Of the 25 cities included in the report, the office investment yield in Bangalore, India was the highest at 14.0% per annum, and that of Hong Kong and Singapore the lowest, at 4.1% per annum. Meanwhile, the residential investment yields also recorded a fall of 29 bps across the region. Continue reading
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