Foreign Property News | Posted by Hnin Ei Khin
Investment in property market rises strongly as the region continues to be a major contributor in economic growth.
US investors are currently top buyers of Asia-Pacific property.
South China Morning Post revealed that according to New York-based data provider Real Capital Analytics, US investors are the biggest spenders on commercial property in Asia-Pacific in the first quarter of 2019.
Petra Blazkova, senior director for Asia-Pacific analytics at Real Capital said “the largest importers of capital to Asia are US cross-border investors.”
According to the company, US investment in the region’s property markets this year amounted to US$3.2 billion. Hong Kong was second with US$3.1 billion, followed by Singapore at US$636 million, Australia at US$528 million and mainland China with US$522 million.
Nicholas Wilson, head of Asia-Pacific capital markets research at JLL added that “investing in Asia-Pacific gives diversification benefits with the region being the growth engine of the world. Asia-Pacific also offers a diversified set of markets, at varying levels of risk and return.
“There are a lot more growth markets in Southeast Asia, China and India with financial centres being in Singapore, Hong Kong and Shanghai,” said Wilson.
Ref: Property Report
