Connect with us

Property

A bright horizon – Phuket Property

Legacy Phuket Gazette

Published 

 on 

PHUKET: Southeast Asia continues to see upbeat investment sentiment with Thailand seeing real estate owners inject assets into property funds while overall commercial real estate transaction volume in Asia Pacific declined by 11% q-o-q to US$19.2 billion after an unusually strong Q1 2013.

The market remained active and the quarterly total was in line with volumes recorded last year, according to the latest Asia Pacific Capital Market View report published by CBRE, a leading property consultancy firm. Active markets were led by Japan although transaction volume fell by almost 50% q-o-q after surging in Q1, 2013. Other upbeat markets included Australia, Malaysia, New Zealand, Singapore and South Korea, which all recorded a q-o-q increase in investment turnover.

Comparatively subdued markets included Hong Kong, where the imposition of double stamp duty resulted in the exit of speculators from the market. Taiwan was also quiet as domestic insurance firms remained inactive following the rise in minimum yield requirements on commercial property introduced in November 2012. China also recorded a decline in investment volume by 22% q-o-q but market sentiment remained positive.

An improvement in cross- border investment activity was recorded in Q2, 2013 with transaction volume surging by 73% q-o-q. Asian capital and international institutional investors were the major buying forces. There were also more western property funds with recently raised fresh capital starting to acquire new assets although they remained net sellers in Asia as a number of funds approached maturity.

“There were a number of major acquisitions by locally listed property funds in Thailand and a number of new property funds with several more scheduled to be listed in the second half of 2013,” reported James Pitchon, Executive Director – Head of CBRE Research, Thailand.

Capital values in Asia Pacific continued to increase slowly and outpace rental growth on the back of solid investment demand for quality assets. Yield compression for core assets was observed in several markets including Sydney, Brisbane, Tokyo, Seoul and Singapore.

Dr Nick Axford, Global Head of Research at CBRE commented: “On the back of strong investment demand for yield accretive assets, capital values are expected to increase at a steady rate although markets with ongoing weak occupier demand could see some mild downward adjustment.”

“The Asia Pacific market is expected to remain active in the second half with a large pipeline of deals in Australia, China and Japan. The steady regional economy, combined with high levels of liquidity and relative low borrowing costs, will continue to fuel buying momentum,” said Mr. Greg Penn, Executive Director, CBRE Investment Properties, Asia.

Keep checking our online Phuket Property pages, join our Facebook fan page or follow us on Twitter @PhuketGazette for the latest local, national and international property news updates.

 

Want more Thailand news from the Thaiger family?

📱 Download our app on Android or iOS for instant updates on your mobile
📝️ Join the conversation on Thaiger Talk - discuss news & life in our Thailand forums
📧 Subscribe to our daily email newsletter
👍 Like/Follow us on Facebook
🔔 Subscribe to or Join our YouTube channel for daily video updates

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Archiving articles from the Phuket Gazette circa 1998 - 2017. View the Phuket Gazette online archive and Digital Gazette PDF Prints.

Follow Thaiger by email:

Coronavirus (Covid-19)14 hours ago

AstraZeneca Covid-19 vaccines to be donated to Thailand from Japan

Bangkok15 hours ago

Bangkok police warn that protests planned for Thursday break the Emergency Decree

Thailand15 hours ago

Thailand News Today | Hotel occupancy, Phuket beaches hit with tar balls, doctor ‘warning’ | June 21

Phuket Sandbox July 1st

days
hours
minutes
seconds

Thaiger is getting behind local businesses for the restart of tourism in July - up to 50% discounts across all advertising packages in June!

Thailand15 hours ago

Pattaya residents complain of sinkholes in road, couple sustains injuries

Insurgency16 hours ago

2 suspected insurgents killed in gunfire exchange with police-military team

Best of16 hours ago

Top 8 Things to do in Hua Hin

Thailand16 hours ago

Army raids a house, arrests 53 as part of alleged gambling operation

Best of16 hours ago

Top 5 Insurance Companies for Expats in Thailand

Thailand16 hours ago

Thailand abstains from vote on UN resolution condemning Myanmar violence

Leisure17 hours ago

Top 5 Rooftop Bars in Bangkok

Best of17 hours ago

Top 5 Shabu-Shabu Restaurants in Bangkok

Indonesia17 hours ago

Indonesia approaches 2 million Covid cases

Thailand17 hours ago

Monday Covid Update: 3,175 new cases; infections rise in the Deep South

Pollution17 hours ago

Oil slick and ‘tar balls’ wash up on Phuket’s beaches – what caused it?

Best of17 hours ago

Top 5 Ice Cream Shops in Bangkok

Thailand4 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism4 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket4 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism4 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand4 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism4 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand5 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand5 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand5 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand5 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand5 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand5 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand5 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand5 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Thailand5 months ago

Thailand News Today | Southern floods, Face mask fines, Thai Air Asia woes | January 8

Trending