Commercial real estate investment in the Asia Pacific region rose by eight per cent during the third quarter of this year, new research has shown. DTZ has reported that the total investment volume for the three month period hit USD 29.6 billion.
According to the real estate research company, volume growth in the region is expected to remain strong for the remainder of 2010 and into 2011. Indeed, transaction levels are predicted to reach USD 145 billion over the course of next year.
The figure represents a 12 per cent increase on this year’s USD 129 billion investment.
Investment in Asia Pacific countries has been driven by the more established destinations of Australia, Hong Kong, Japan and China, as well as in emerging countries such as Malaysia and Singapore. According to the head of DTZ Asia Pacific Research, David Green-Morgan, the outlook for Asia Pacific property investments remains optimistic.
He explained that capital and rental values are both predicted to rise in almost all markets during 2011, with institutional investors likely to become increasingly active in the region's real estate markets.