At the recent fifth annual City Development Meeting in HCM city, Lim Lam Yuan, President of Singapore’s Institute of Surveyors and Valuers stated that the Asia Pacific region is currently the leading area in global property market recovery since the global financial crisis.
Additionally, Yuan added that this region is seeing more and more wealthy men and women connect with this region and desire prime property for investments as well as lifestyle reasons.
Due to being the world’s most populous region, as well as a continued influx of people, Asia is emerging as an attractive destination for property developers. The continued increase in population, as well as plentiful economic resources and low costs has made this region superior in comparison with other nations in Europe or the United States.
China’s property market has been growing rapidly with sales totals reaching over 4.7 trillion yuan last year. This number is much larger that 2009’s total of 4.3 trillion yuan. Interest rates were as low as 0.36 percent. The rental market has seen some progression as well, with rentals for private residential properties experiencing a 17.9 percent increase.
India’s property market is doing quite well also. Due to excellent infrastructure, a well-polished legal system, and a high number of doctors and engineers, India is a prime location for investment opportunities.
India has been experiencing more investments in its country, with increased residential development, new construction and new town planning, mall development, and hospitality and office/industrial space development and management.
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