Investment returns for Asian commercial property were 6.4 per cent in 2010, new figures collated by IPD have revealed. The firm's Pan Asia Returns Research looks at the performance of real estate in China, Hong Kong, Japan, Korea, Malaysia, Singapore, Indonesia and Thailand.
The research provides unprecedented insight into the performance and workings of the vibrant but relatively opaque markets of Asia and draws on property valuations for 3,641 assets in 175 investment portfolios with a total value of USD 202.1bn as at the end of 2010.
Dr Kevin Swaddle, managing director of IPD Asia, said: "There is a wide range of returns amongst the markets included, going from 21 per cent for Hong Kong to 0.2 per cent for Japan, the same two countries that occupied the top and bottom positions in 2009."
He noted that if Japan were excluded from the research, the returns would be considerably higher, at 13 per cent. As such, IPD concluded that Japan's inclusion has dragged down the overall Asian returns.