Investors in Asia Pacific
Investors Asia
The growth of deep pocketed investors in Asia-Pacific has increased the luxury residential capital value index in the region.The high net worth (HNW) investors mushroomed to 3 million this year, equalling that of Europe and expanding wealth in the region by 31 per cent to US$9.7 trillion.
Increased wealth has also stimulated demand for high-end residential property and prices for these properties, in capital cities except Singapore.
Asia Investors
The luxury residential capital value index rose fastest in Hong Kong, leaping 28.3 per cent year-on-year, according to Jones Lang Lasalle Real Estate Intelligence Service Report 2011.Globalpropertyguide.com attributed the growth in Hong Kong to speculators from mainland China, Russia, Japan and other countries who were raking up luxury property in the prestigious Peak area.
China’s luxury capital value index rose 3.8 per cent in Beijing and 2.2 per cent in Shanghai.Price index yields in Kuala Lumpur rose by 9.3 per cent, 8.1 per cent in Jakarta, while Mumbai and Bangkok both witnessed a rise of 3.7 per cent.Based on the figures, the Asia-Pacific housing market is expected to remain highly appealing to investors in the coming months.
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