RCA in the commercial property press:

Asia Pacific Real Estate Volume Down 32%

Property Magazine International reports: According to quarterly data published by APREA and Real Capital Analytics, volume across the Asia Pacific region dropped by 32% from 2010 during the last quarter. Concerns regarding the Eurozone debt crisis led investors to be more cautious, with the decline seen across all property types.

Fourth quarter bright spots were Singapore and South Korea, which both saw gains of 112% and 44%, respectively. Hong Kong and China both had a rough quarter, with volume down 56% and 41%. Cross-border investment into the region accounted for only 6% of total investment volume.

Major sales in the last quarter included Festival Walk in Hong Kong, Wave Mega City Centre in India, and a share in Singapore’s Ocean Financial Centre.

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Posted by: Hermann Lademann

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