Investment value across the Asia-Pacific has plummeted in the first quarter of 2012.
Across Asia, investment has fallen by 42 per cent quarter on quarter. The total capital fell to US$11.6 billion during the January-March period.
Chinese mainland investment dramatically decreased by 70 per cent, revealed in the Asia-Pacific Capital Markets Marketview report, yesterday. Investment in China plunged to US$949 million in the first quarter, according to the report.
Across Asia, investment has fallen by 42 per cent quarter on quarter. The total capital fell to US$11.6 billion during the January-March period.
Chinese mainland investment dramatically decreased by 70 per cent, revealed in the Asia-Pacific Capital Markets Marketview report, yesterday. Investment in China plunged to US$949 million in the first quarter, according to the report.
The report, carried out by CB Richard Ellis, the world’s largest commercial real estate services provider, correlated the decline with the New Year holidays and the high value of investment of the latter half of 2011; removing several assets from the market.
Greg Penn, executive director of CBRE Investment Properties in Asia said: “China’s property investment market was relatively quiet in the first quarter, in part due to the Chinese New Year holiday, with the exception of continued strong activities of occupier purchases by domestic companies and development acquisitions between developers.”
He concluded that Chinese developers continue to face liquidity problems, offering that: “this may offer opportunities for investors to provide capital and acquire asset portfolios,” according to English News.
Domestic capital value dominated the market at almost 86 per cent of the total value investment. Cross-border acquisitions descended 69 per cent on a quarterly basis to US$1.6 billion, according the CBRE data.
By Property Report
Greg Penn, executive director of CBRE Investment Properties in Asia said: “China’s property investment market was relatively quiet in the first quarter, in part due to the Chinese New Year holiday, with the exception of continued strong activities of occupier purchases by domestic companies and development acquisitions between developers.”
He concluded that Chinese developers continue to face liquidity problems, offering that: “this may offer opportunities for investors to provide capital and acquire asset portfolios,” according to English News.
Domestic capital value dominated the market at almost 86 per cent of the total value investment. Cross-border acquisitions descended 69 per cent on a quarterly basis to US$1.6 billion, according the CBRE data.
By Property Report
RSS Feed
