The Asia real estate market is set to advance in 2013 as average rent and price in the office, residential, retail and industrial sectors continue to have an up stick with 2-5% growth predicted in 2013, albeit at a milder rate when comparing with the range of 5-9% in 2012, according to the findings of the Asia Real Estate Forecast 2013 released today by Colliers International.
In terms of investment yield, it will continue to see a falling trend in 2013 but the degree of compression will be much slower between flat and 10 basis points. Simon Lo, Executive Director of Research & Advisory, Asia at Colliers International said, “Occupiers are expected to take advantage of the prevailing low interest rate environment to acquire real estate for long-term occupation rather than leasing. Meanwhile, with more support by most banks and other lending institutions on real estate financing, investors, who were constrained by limited loan-to-value ratios previously, are anticipated to take on more risks to commit purchases.”
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