KOMPAS.com – Urban Land Institute (ULI) in collaboration with PricewaterhouseCoopers (PwC) released the list of cities in the Asia-Pacific of the most attractive property investment prospects in 2017.
This survey is launched every year to assess progress cities associated projection property investment.
If last year Japan and Australia appear as investor favorite, in 2017 occurs four emerging markets as a top choice.
the following article is the first order of the city’s most prospective for investment property next year. The second article can be accessed here.
1. Bangalore, India
The main focus of investors in Bangalore, India, is a business process outsourcing (BPO) and, recently, the IT industry.
Both businesses have pushed a huge demand for new office space both from domestic and international companies.
They flocked to open an office in an effort to research and development.
the supply of new space is expected to reach 12.7 million square feet in 2016 may seem large enough .
But in fact, this amount is not much different from 2014 and 2015.
the new Office is projected to decline in subsequent years with a range of 9.8 million and 3.9 million square feet in 2017 and 2018.
2. Mumbai, India
Historically, geographical constraints preventing the expansion of Mumbai as a metropolitan city.
This makes the capital of the Indian state of Maharashtra, such as the most expensive city in India and the slowest growing.
As a result, local governments have committed to build roads and rail, as well as other major infrastructure.
this program will allow easier access to the city center from outlying areas. Most of the construction is scheduled for completion before 2019.
3. Manila, Philippines
Various positive comments would Manila, gathered in several times editions of the survey.
economic growth is driven by market boom business process outsourcing or BPO and remittances strong workers abroad, investment property in Manila is getting ogled.
“Today, the fundamentals appear strong as before. Demand remains strong, with many buildings were booked prior to completion,” wrote the survey.
Emptiness unit was also lower, while capital values and rents office continues to show good growth.
4. Ho Chi Minh City, Vietnam
After several years of economic downturn, Vietnam is now becoming one of the fastest growing economies in Southeast Asia.
According to one of the investors in the survey, now every economic sector attractive for investors.
While investment property in Ho Chi Minh became the most popular instruments in Southeast Asia.
the investment capital came from various sources, especially from Japan, Singapore, and Korea South.
Ho Chi Minh City is the country’s main economic engine, which has a gross domestic product growth (GDP) of 7.5 percent year-on-year in the first half of 2016.
5. Shenzhen, China
Discussion great recently in Shenzhen is more directed at the residential sector.
Because, in this sector, prices have jumped more than 40 percent year-on-year in the first three quarters 2016. the price increase was the fastest in the world.
on the commercial side, office rents has been in a steady growth over the years.
the results of the rental profits also recorded quite high, about 5 percent. effect on the amount of new supply.
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