Asia-Pacific Real Estate Investment Up 21%

TEMPO.CO, Singapore - Real estate investment in the Asia Pacific region has exceeded market expectations. In the first quarter of 2013, the investment value jumped to US$59.7 billion, 21 percent higher compared to the same period last year. According to the latest market research, transaction volume also increases every quarter. For the second quarter of 2013, transaction volume reached $32.5 billion, up by 21 percent from the previous quarter.

Head of Research for Asia Pacific Capital Markets at the Jones Lang LaSalle, Megan Walters, said the region's capital has shown a higher increase compared to its assets value, a shift that is going "towards better investment opportunities," Walters said in a press release received by Tempo, Thursday, July 18.

Meanwhile, La Salle's head of Asia Pacific capital Markets Stuart Crow said that the real estate market in Australia and Japan posted a significant rise in demand.

As for Indonesia, it remains as an attractive property market for foreign investors. However, investment in the country is still dominated by domestic groups with a limited supply of real estate. This domestic competition makes it difficult for foreign buyers to tap into the market.

AMANDRA MUSTIKA MEGARANI