Property markets across Asia Pacific continued to regain momentum in the third quarter as investors bet on the region’s long-term potential. In China, the commercial sector, aided by strong government policies, saw a rebound in demand while foreign investor interest picked up. Hong Kong benefited from growing participation by mainland Chinese investors keen to buy into one of the world’s hottest property markets at relatively attractive prices. Australia, with its strong fundamentals and tradition of transparency, saw continued deal activity and is poised for a more active fourth quarter.
In India, transactions picked up across sectors following the lifting of some of the strictest COVID-19-related restrictions in the world. Among the region’s emerging markets, Myanmar has so far seen real estate investments by foreign players quadruple compared to 2019, while in Indonesia, where property prices have taken a hit following the downturn, value-buying opportunities are emerging in transit-oriented development projects. In Vietnam, a robust economy has kept interest in the residential market alive while the industrial and logistics sector is growing in appeal for international investors and occupiers, thanks in part to shifting global supply chains.
Overall, activity across the region is likely to gain pace in the final months of the year as more governments ease restrictions, and investors and occupiers – conscious of the region’s broadly positive outlook – move to take advantage of attractive buying opportunities.