11.04.2013 - Asia Pacific real estate deals up 35pct to US$144bln in Q4
Asia Pacific continued to see strong interest in property in 2012, as volumes in the fourth quarter ended Dec 31, surged 35% to US$144.4bil from the third quarter mainly due to land sales. Asia Pacific Real Estate Association (APREA) CEO Peter Mitchell said on Wednesday transaction volumes increased significantly each quarter during 2012, shrugging off concerns over Europe and the anemic recovery in the US. “The increase was driven primarily by land sales, which rose 42%. Commercial transactions also contributed with 22% higher activity, while apartment and hotel transactions dragged at -57% and -16% respectively,” he said...............................................Full Article: Source
Print