News for Asia , Oceania

Brighter prospects seen for property markets in 2012

Residential real estate is the second top investment pick for the year 2012 across the Asia Pacific Region, according to “Emerging Trends in Real Estate Asia Pacific 2012,” a real estate forecast jointly published by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

Covering 21 markets in the Asia Pacific, the study is based on the opinions of more than 360 internationally renowned real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.

“Across the Asia-Pacific region, the industrial/distribution sector is top-rated, followed closely by residential real estate, both for-sale and rental. Office and retail sectors are in the middle of the range, while the hotel sector is least favoured for investment,” according to the study.

In spite the weak global housing market this year better prospects are seen in 2012, although caution and planning are still the keys to success.

 
 
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