From 27-29 September 2006, a very large number of investors and multinationals will converge on Hong Kong for MIPIM ASIA, the leading international event for the real estate sector in the Asia-Pacific region.
Among the first to enrol have been investors such as Eurohypo AG, Morgan Stanley Real Estate Investment, Crédit Suisse, SEB Immobilien Investment GmbH, The Royal Bank of Scotland, The Carlyle Group, Starwood, and Commerz Grundbesitz Investment GmbH as well as international firms such as Microsoft, Shell Real Estate, Hewlett Packard, Warwick Hotels Resorts, and General Electric.
The real estate market in the Asia-Pacific region is particularly vibrant, notably in Hong Kong, Shanghai, Bangkok and Sydney. Property rental prices have proved to be especially healthy in Shanghai, Manila, Bangkok and Jakarta. The service sector is also experiencing a boom as witnessed in Hong Kong, Shanghai, Beijing, Delhi, Mumbai, Tokyo and Sydney.
According to a recent study commissioned by Reed MIDEM from consultants AMR International, compound annual growth rate in property investment in the Asia Pacific region is expected to grow by 12.8% between 2004 and 2007, with the prime investment destinations being Korea, Japan and China.
In this context, international investors and end-users have become increasingly interested in the Asia-Pacific market. The introduction of the Real Estate Investment Trust (REIT) in Asia, in 2000, has provided investors in the region with a new, tax-efficient and attractive vehicle for investing abroad. For example, Macquarie Bank Ltd. has taken advantage of the REIT system to invest in the Korean real estate market. In Tokyo, the number of REITs grew sixfold between 2001 and 2004 and continues to develop according to AMR International.
In addition to the exhibition area, the MIPIM ASIA conference programme will analyse the major trends in the Asia-Pacific market through talks from high level executives and experts. The sessions will be held throughout the MIPIM ASIA event, right inside the exhibition center.
The conference topics will include:
- Returns in Asia: who knows?
- What's next for Asia Pacific REITs?
- India the next eden for real estate investment?
- Foreign direct investment : where is it going?
To access the press kit, information on exhibitors and the agenda for MIPIM ASIA, go to www.mipimasia.com.
Europe Real Estate is official Media Partner of MIPIM Asia.