Commercial real estate investment in asia pacific increase

Direct commercial real estate Investment volumes in Asia Pacific have increased to around 10% year to date, according to the latest third quarter flash reports from consultants Jones Land Lasalle.

Preliminary figures suggest that volumes have now reached approximately US$67 billion year to date compared to US$61 billion for the same period last year.

The key country to watch was Japan where direct commercial investment volumes went back to over US$4.7 billion in line with the same quarter in 2010, as investors looked to see how the markets recovered following the tsunami and earthquake and the subsequent dramatic fall in volumes during the second quarter.

The resumption of this market is likely to support renewed international investor interest in the biggest market in Asia Pacific. The IMF’s outlook for Japan next year is for growth of 2.3% based on reconstruction work following the disaster, says the report.

Source:  SACommercialPropNews.co.za