JLL pointed out the second half of the year 2013 Asia-Pacific real estate investment is booming after China opens the country - Japan's economy recovers. The cause was less affected by the economic recession than other regions.

  A report from real estate consultancy and services company JLL revealed that in 2022, the value of investment in buildings or real estate projects in Asia Pacific that are useful for business use such as office buildings, hotels, shopping centers, factories, warehouses and others, excluding house / condo purchases

by a buyer or individual investor Land and land totaled $129 billion, down 27% from 2021, in line with JLL's previous estimate.

  Only in the 4th quarter of 2022, it was found that the value of trading investments decreased by as much as 41% compared to the same quarter of 2021, but if compared between the 4th quarter and the 3rd quarter of 2022, it was found that the decrease was at a rate Less is a decrease of 12%.

which is in line with JLL's assessment of the situation which is expected The value of trading investments in this year 2023 may continue to decrease. But not as strong as last year.

  Mr. Stewart Crowe, CEO of Investment Services JLL Asia Pacific said: Investors remain convinced of the long-term potential of the Asia-Pacific real estate market. but in the past year Investment strategies have been adjusted.

Most of them are still not sure. The offering price for the asset they are interested in investing in. Is this a reasonable price? It is expected that this trend will continue in the first half of 2023. adjusted closer together

  In 2022, South Korea was the largest investment market with $26.2 billion in trading value, but this was down 11% compared to 2021. $24.8 billion total trading investment But overall it's still 37% lower than 2021, just like Japan where it traded more in the last quarter. But the overall value for the year is still 40% lower than 2021.

  Australia's turnover totaled $20.9 billion, down 38% from 2021, due to a large gap in bid and offer prices. As for Hong Kong, although it received higher interest from investors after the strict COVID-19 control measures were relaxed. but the actual investment in the past year It was only $7.7 billion, down 24%.

  Singapore was the highest percentage increase in the region for the past year. totaling $14.2 billion, up 53% from the previous year.

  Office buildings remain the most highly valued property in the region. It totaled $60.5 billion last year, but is down 18.7% from 2021, with investors increasingly considering whether to invest in Grade A or Secondary buildings.

  Factory and warehouse real estate Turnover totaled $25.9 billion last year, down 46% from the previous year. As for real estate in the retail sector or shopping centres, Turnover totaled $23 billion, down 39%.

  Hotels are the fastest growing real estate sector in Asia Pacific in 2022 versus 2021, growing 7% to total turnover of $10.1 billion.

  Ms. Pamela Ambler, Head of Investment Information JLL Asia Pacific said: Although the real estate investment market in Asia-Pacific in the past year overall declined. But signs of recovery began to appear in the last quarter of the year.

This is a good sign. Investors are expected to be interested in investing in the office building market with good fundamentals. A shopping center that can create added value Including looking for opportunities to buy good assets that have the potential to be resold to make a profit in the future in developed markets. All of these will be the driving factors for real estate investment in Asia Pacific this year.

Source:https://www.bangkokbiznews.com/property/1050878

Date 1/2/2023