|By ACN Newswire||
|January 16, 2014 03:19 AM EST||
-- Investment in the region up 29 percent in 2013, surpassing previous record in 2007
-- Japan up 67% and third most active market globally after US and UK
Singapore, Jan 16, 2014 - (ACN Newswire) - Data just released by Jones Lang LaSalle (JLL) shows that 2013 was the strongest year on record for commercial real estate markets in Asia Pacific, with direct investment reaching US$126.7 billion by year-end. Transaction volumes over the year were up 29 percent on 2012, surpassing the previous record of US$120.5 billion in 2007.
Stuart Crow, head of Asia Pacific capital markets at Jones Lang LaSalle said, "2013 proved to be an outstanding year for Asia Pacific commercial property markets, exceeding our revised expectations of US$ 120 billion. Unrelenting demand has prevailed in spite of macro concerns around China's growth outlook, stability in the EU, and the US government's fiscal strategy. As the market gains further clarity on these issues, we expect a more stable growth outlook which should lead to activity in 2014 surpassing that of 2013."
Click here (http://youtu.be/mHZziAT25vE) to watch our experts give their views on the 2014 outlook for Asia Pacific's real estate markets
The year's record-breaking growth was driven by the region's core markets of Japan, China, Australia and Singapore as investor sentiment was lifted by on-going improvements in both debt and equity markets. Throughout the year, commercial real estate markets experienced increased liquidity coupled with greater allocation from multi-asset managers, causing transaction volumes in every quarter to record an improvement on their corresponding period in 2012.
The resurgent Japanese market was a major contributor to the growth in 2013, up 67 percent y-o-y, re-establishing its position as the third most active market globally after the US and UK. Record levels of investment were also reached in China, Australia and Singapore, up 66 percent, 30 percent y-o-y and 40% y-o-y respectively.
Dr Megan Walters, head of Research for Asia Pacific capital markets at Jones Lang LaSalle commented, "In 2013, we continued to see a mismatch between supply and demand across a number of markets in the region. As a result, investors moved up the risk curve in search of higher yields and to mitigate against potential pressures from global fiscal policy. While we did experience caution in the markets following the reduction of the US Federal asset purchases, interest rates across the region proved less reactive when compared to the response following the announcement earlier in the year. Given the strength of investor sentiment and on-going demand, we expect markets to perform as well, if not better, than 2013 for the remainder of 2014."
Japan continues to create headlines around the region, with transactions volumes reaching US$ 12.2 billion in Q4 2013, bringing the full year total to US$ 41.7 billion, up 69 percent on 2012. In local currency terms, the growth is even more remarkable with yen volumes doubling that of 2012. Portfolio deals accounted for the majority of transactions in the final quarter with retail assets comprising 46 percent of deals. Despite competition from a liquid domestic market, interest from foreign investors remains high, although foreign group still accounted for more disposals than acquisitions through the year. With the market performing well, renewed confidence and improving liquidity, 2014 could see a number of legacy assets come to the market as landlords take advantage of the improved conditions.
Increasing demand from both foreign and domestic investors led to strong growth in the Australian market with transaction volumes reaching US$ 6.4 billion in Q4 2013, up 62 percent on Q4 2012 while full year volumes set a new record at US$ 21.9 billion, up 33 percent on 2012. Development activity and the subsequent fund-through deal flow has been a major contributor to investment volume growth in 2013. Foreign listed REITs have also become more active in the market towards the latter part of the year with a number of deals executed during the final quarter.
Investment activity in China also set new records on both a quarterly and yearly basis with transaction volumes reaching US$ 8.5 billion in Q4 2013 and US$ 25.1 billion by year end, up 71 percent on 2012. With a number of large properties trading in the final quarter, office assets accounted for the majority (80 percent) of deal flow. As China's structural investment growth continues, it confirms its place as the regions second largest market by transaction volumes.
Despite subdued commentary from Singapore over the year, investment activity has lifted, registering US$ 3.3 billion in the final quarter of 2013 and setting another record full year figure of US$ 11.8 billion, up 40 percent on 2012. Despite this, volumes in the middle and lower segments of the market were suppressed with overall volumes supported by a few very large deals and REIT IPOs.
Indonesia was a standout performer in 2013, recording the highest rent growth in the region. This has generated significant interest from both domestic and foreign investors, however accessing product remains challenging. Transactions on stabilised assets are rare and investors are looking at development, fund-through and joint venture structures in order to gain exposure to the market.
Investment conditions in Hong Kong eased with year-end volumes down 35 percent on 2012 to US$ 7.3 billion. With much of the institutional activity from Hong Kong groups currently focused on cross border markets, the bulk of domestic activity has come from end-users and local/PRC developers.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 26,700 employees operating in 80 offices in 14 countries across the region. The firm was named 'Best Property Consultancy' in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. www.ap.joneslanglasalle.com
Source: Jones Lang LaSalle
Madeleine Little Phone: +65 6494 7003 Email: [email protected] Rachel Smylie Phone: +65 6494 3771 Email: [email protected]
Copyright 2014 ACN Newswire. All rights reserved.
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Aug. 30, 2016 06:15 PM EDT Reads: 325
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aug. 30, 2016 05:45 PM EDT Reads: 3,585
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Aug. 30, 2016 05:00 PM EDT Reads: 891
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aug. 30, 2016 04:15 PM EDT Reads: 959
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 30, 2016 03:30 PM EDT Reads: 3,775
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
Aug. 30, 2016 03:00 PM EDT Reads: 852
SYS-CON Events announced today that StarNet Communications will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
Aug. 30, 2016 02:30 PM EDT Reads: 953
SYS-CON Events announced today Telecom Reseller has been named “Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Aug. 30, 2016 02:30 PM EDT Reads: 1,038
SYS-CON Events announced today that Adobe has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Adobe is changing the world though digital experiences. Adobe helps customers develop and deliver high-impact experiences that differentiate brands, build loyalty, and drive revenue across every screen, including smartphones, computers, tablets and TVs. Adobe content solutions are used daily by millions of co...
Aug. 30, 2016 02:00 PM EDT Reads: 3,776
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Aug. 30, 2016 01:45 PM EDT Reads: 654
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Aug. 30, 2016 01:30 PM EDT Reads: 870
SYS-CON Events announced today that Pulzze Systems will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems, Inc. provides infrastructure products for the Internet of Things to enable any connected device and system to carry out matched operations without programming. For more information, visit http://www.pulzzesystems.com.
Aug. 30, 2016 01:20 PM EDT Reads: 269
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Aug. 30, 2016 01:15 PM EDT Reads: 2,067
19th Cloud Expo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterpri...
Aug. 30, 2016 01:00 PM EDT Reads: 3,235
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
Aug. 30, 2016 11:45 AM EDT Reads: 804