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Laxman Pai, Opalesque Asia: According to a report, jointly produced by PwC and the Urban Land Institute, more than a decade since the global financial crisis, Singapore is first in investment, second in development. Until recently, Singapore experienced several subpar years.
Having absorbed the glut in office supply, sentiment for Singaporean assets has rebounded from its 2017 lows. With vacancies now minimal, confidence has returned. Foreign investors are leading the charge as buying activity surges.
Tokyo (second for investment, fourth for development): For years, Tokyo markets have offered some of the best returns in the region. With domestic interest rates remaining at rock-bottom levels, investors continue to flock there, although competition from local buyers means the market is tight.
Ho Chi Minh City (third in investment, first in development): Vietnam emerged as the preferred emerging market destination in Asia, with manufacturers migrating to set up factories as an alternative to China.
Risk is high, however, and good investment opportunities can be hard to pin down.
Sydney (fourth in investment, third in development): A long-time favorite that continues to deliver.
Sydney offers a liquid, stable, high-return market with low vacancies and good prospects for growth going forward. Depressed valuation of the Australian dollar only adds to the appeal.
Melbourne (fifth in investment, fifth in development): Melbourne continues to be popular wit...................... To view our full article Click here
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