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Asia Property Report - May 31 - News
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Gateway cities like Japan and Singapore continued to experience weak transactional activity in their property markets in the first quarter of 2009 with transactional values going down to the fourth quarter of 2008´s levels at US$1.5 billion and $91 million respectively, according to DTZ.
Although Japan experienced weak declines in transactional activity, it still constituted the largest transactions in the whole of Asia Pacific market.
Singapore recorded the steepest fall in terms of deal from $266 million per deal in the third quarter of 2007 to $3 million per deal in the first quarter of 2009.
While Singapore maintained the fourth quarter of 2008´s total transaction value, it quadrupled the number of deals over the same period.
Meanwhile, Chinese cities showed encouraging signs of revival.
China took the lead in the value of transactions in the first quarter of 2009, recording four of the five top deals in the quarter.
The quarter’s largest deal was the sale of the POS Plaza in Shanghai for $258m at over $20m larger than fourth quarter of 2008’s largest deal.
DTZ notes that although this deal was still over $400 million smaller than the third quarter of 2008’s largest deal, the Chinese market is leading the regional property market in showing signs of life.
On the investment front, investments in Hong Kong, Beijing and Shanghai all registered over twice the investment values from the previous quarter
Shanghai witnessed two joint venture office deals totalling $465 million, contributing to the city´s $573 million total in transaction value in the first quarter of 2009, surpassing the $92 million total in the fourth quarter of 2008.
On the overall, Asia Pacific´s property market witnessed a slight improvement in performance in the first quarter of 2009 with a 21 percent increase in total value of transactions at $5 billion while the number of deals increased by over 15 percent compared to the previous quarter.
DTZ notes that the value of deals has become smaller since the second half of 2008.
However, interest remained in the Asia Pacific property market as reflected by the increase from the previous quarter.
DTZ expects 2009 to continue to be a very challenging year for investment markets in Asia Pacific and predicts that the market may be close to a bottom in terms of activity.
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| Apartment / Condominium - Bangkok |
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Apartment / Condominium - Malaysia |
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Villa - Eastern Seaboard |
Price :
4,000,000 THB
It is a studio unit at the Noble Remix project which is due to transfer and completion on November 2009. Soon after, a direct connector is going to be built that will directly link this project to the BTS Station of thonglor.
For more information or pictures please visit www.investbkk.com |
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Price :
213,820 USD
The Orion Condominiums is a high density condominium located on Jln Tun Razak opp the National Library and in between IJN and Setia Sky Residences. It's strategically located less than 2KM from KLCC and it's close to public transport systems like the Star and the Monorail lines. The Orion too comes |
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Price :
3,737,725 THB
House model Prailinn is a nice and comfortable L shaped house. Generous open design with kitchen and living room in a one-room.Bedroom with a view over your own garden.
1 storey villa, open design. 2 rooms, 1 bathroom, 1 bedroom, terrace, 24 sqm covered with an roof fan.
Well planned co |
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