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ASIAN INVESTORS’ INTENTIONS: PROPERTY PORTFOLIO (NEXT SIX MONTHS)
% 23 74 3 FURTHER PORTFOLIO EXPANSION
Most Asian investors (74%) plan to expand their real estate portfolio over the next six months, up from 69% last year. A property company based in the UK said it proposed to raise its asset allocation in Asia from about 10% in 2014 to 30% in 2015 in anticipation of the long-term economic growth in the region. Meanwhile, a private investor said it preferred to adopt a more specific approach to individual markets rather than a broad-based expansion. This was due to the fact that the markets in Asia differ in terms of their property cycles. Undeterred by different portfolio strategies, most Asian investors generally remain positive about expansion.
LIQUIDITY REMAINS AN ISSUE
Expand/increase level of investment Maintain/consolidate/rebalance current investments Reduce/sell current investments
The top three factors influencing investment decisions remained unchanged from the previous two years and are property fundamentals, economic growth in the region and the yields. A notable change is that ‘ease of entry/exit (liquidity)’ has risen up two places and is now the fourth most important factor when making investment decisions. With existing cooling measures remaining in force in individual markets, such as Hong Kong and Singapore, market liquidity remains a concern for most Asian investors after seeing a fall in sale transaction volume in the past 12 months.
ASIAN INVESTORS’ VOLUME FORECAST (2015 VS 2014)
% 13 3 COLLIERS INTERNATIONAL 10 2015 GLOBAL INVESTMENT SENTIMENT REPORT UNCHANGED 23 50
DOWN 10%+ UP 10%+
DOWN -1% TO -10% UP 1% TO 10%+
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