MIPIM Asia, the world's property market in Asia Pacific will be held at the Hong Kong Convention and Exhibition Centre from 27 to 29 September 2006. A series of practical country profiles, providing key information on real estate investments, has been produced in partnership with Cushman & Wakefield.
An excellent working tool for preparing MIPIM Asia, these profiles give a rapid but up to date snapshot of the current real estate situation in Thailand, China, India, Australia, Japan, Hong Kong, Korea and Singapore.
They focus on all relevant points:
For example in Thailand, 2005 and 2006 were the most dynamic years for investment during the last decade. The government has decided to start seven large-scale projects, and forecasts a total real estate investment of US$44.75 billion over the next five years.
Booth of Urban Redevelopment Authority - Singapore, at MIPIM 2006.
China continues to surprise the world, forecasting economic growth of 9.9%. The building market is reaching new heights with some US$200 billion entering this sector in 2005 and 1.4 billion m² currently under construction.
In India, the real estate market is exploding. Shopping centres and multiplexes covering a total of 4.3 million m². are due to be built in the next 24 months.
The real estate market in Australia is at its peak since 2005 with a series of large scale sales across the country and a particularly high interest rate favourable to property investment in large cities. After 3 years of calm, demand for office rentals is rising again in Sydney.
In Japan, economic growth and the increasing popularity of real estate investment funds has triggered a sharp rise in the value of real estate and of commercial leases in large cities. The percentage of unoccupied office buildings is therefore very low at 3.5% in Tokyo and only 2% for class A properties.
In Hong Kong, following the success of 'The link REIT', 'Prosperity REIT' and 'GZI REIT' last year, the Champion REIT' was listed on the stock market in May 2006 and many more IPOs are planned by the end of the year.
With the recent rise in the quality of life and wealth of Korea, the country has become a major site for investment in Asia Pacific, offering new opportunities in tourism real estate.
In Singapore, the government has begun an effective pro-investment strategy for foreign investors. Many firms, especially in finance, are seeking more office space while only 6% of office buildings are vacant.
These country profiles give key figures, and vital information for understanding and entering these markets, such as the global property market situation, risks and difficulties, and investment opportunities per country. They are available at www.mipimasia.com.
Check other information on MIPIM Asia's exhibitors and events at www.mipimasia.com
Europe Real Estate is official Media Partner of MIPIM Asia.