Investment Quarterly Asia Pacific Q3 2013

Inhalt

Japan's brighter economic outlook, combined with signs of a cyclical recovery in property fundamentals, has signifi cantly boosted investment sentiment in recent months. Investors have demonstrated willingness to accept lower yields on in-place NOI to secure well-positioned assets and this has narrowed the bid-ask price spread which stifled activity throughout 2012. In Australia the economy continues to rebalance from mining to non mining, tipping the scales in favour of Melbourne and Sydney. However, the mining boom is not yet over with opportunities presenting themselves in West Australia and Queensland. In China the residential sales market remains the highlight with healthy volumes, moderate price growth and limited new government regulations. The commercial investment market remains active with a couple of landmark deals announced recently. Aside from these, investors are looking at increasingly niche markets in order to achieve satisfactory IRRs. Singapore has witnessed a recent surge in transactions, many REIT-related, while seven hotels were also sold during the quarter.