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Asian property market sees investment increase

Article Date : Thursday, June 14, 2007       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

Conditions within the Asian property market are set to see investment in the region increase, according to one expert.

Research by Fidelity International found that investment in the Asia Pacific region reached $94 billion (£47.75 billion) in 2006, with the market experiencing a 50 per cent increase in the amount of cross-border investment, Easier reports.

Polly Kwan, manager of the Fidelity Asian Property Fund, said that the market is "extremely diverse" and that the region benefits from both mature and emerging economies.

According to the firm, both Thailand and Malaysia have experienced high levels of urbanisation and industrialisation and have benefited from greater demand for commercial space.

Ms Kwan also stated that house prices within the region's residential property markets have the potential to rise further, despite recent concerns about affordability.

Speaking to the Malaysia Star recently, Lai Voon Hon, executive director of development firm Ireka, said that if the country can continue to attract foreign investment, the market for high-end homes and apartments will grow.
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