PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Global Property Guide

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Asian Property Investment Risky and Badly Performing - Asia's real estate markets seem to have recovered from the Asian crisis. But the reality is quite different. Asia's residential markets have performed poorly, according to a report released by the Global Property Guide
Asian Property Investment Risky and Badly Performing

 

NewswireToday - /newswire/ - Makati City, Manila, Philippines, 2006/11/29 - Asia's real estate markets seem to have recovered from the Asian crisis. But the reality is quite different. Asia's residential markets have performed poorly, according to a report released by the Global Property Guide.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Asian residential property buyers beware!
Asia's real estate markets seem, on the surface, to have recovered from the Asian crisis and to be back on their feet. In fact the entire world has enjoyed a residential property boom over the past decade - Europe, the US, Australia and New Zealand have seen property prices soar.

But in Asia the reality is quite different. Asia's residential markets have performed poorly, according to a report by the Global Property Guide. Once the price rise figures are adjusted for inflation, Asia's record looks poor.

HOW ASIA'S RESIDENTIAL PROPERTY MARKETS HAVE PERFORMED SINCE THE PEAK (inflation-adjusted):

• Hong Kong: still 61% below peak
• Indonesia: still 50% below peak
• Malaysia: still 10% below peak
• Philippines: still 55% below peak
• Singapore: still 37% below peak
• South Korea: still 38% below peak
• Thailand: still 10% below 1992 peak

"There have been few less profitable investments than Asian residential property over the past decade," says Matthew Montagu-Pollock, publisher of the Global Property Guide.

"And if the present construction boom continues across Asia, the next decade isn't going to be much fun for property investors either."

Rental yields are quite high in Indonesia, Thailand and the Philippines, while Asian countries benefit from strong economies. But their real estate markets' rise has been limited, primarily by government mis-steps.

"Asian real estate markets would have been stronger had it not been for government mistakes," says Prince Cruz, chief economist for the Global Property Guide. "If it is not a coup, a protest rally or runaway inflation, then it is government meddling in the housing markets that has killed performance". Cruz's study points to the housing markets of Singapore, Hong Kong and South Korea as victims of government subsidies and intervention, while the housing markets of the Philippines, Indonesia and Thailand have suffered from political instability.

Asian prices still far below peak levels
Despite gleaming reports of recovery, Asian house prices are still below their pre-Asian Crisis levels. In a report released, Global Property Guide suggests that a combination of inflation, widespread subsidies of housing markets, political troubles, and overbuilding, have made the outcome in Asia quite different from other 'boom' markets. Asia's present apparent property boom is a 'construction boom - not a property boom', it says, warning investors against following the tempting siren song of the real estate professionals.

When adjusted for inflation, the happy picture changes remarkably from the good news about property price rises.

Indonesia, for instance, is having a difficult time battling inflation. Corrected for inflation, Indonesia's house prices actually fell 8.4% in 2005 and 7% y-o-y during 2Q 2006.
This year's mild nominal price fall in Hong Kong (3.7%) is amplified by considering inflation. Hong Kong dwelling prices have actually fallen by 6% in real terms.

The (modest) apparent price rises in South Korea, Singapore and the Philippines actually become price falls, or are greatly moderated, once inflation is factored in.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Real Estate/Property Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Global Property Guide

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Real Estate/Property Management articles,
CATCH Visitors via Your Competitors Announcements!


Asian Property Investment Risky and Badly Performing

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: GlobalPropertyGuide.com 
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Global Property Guide securities in any jurisdiction including any other companies listed or named in this release.

Real Estate/Property Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Global Property Guide / Company Profile


Read Real Estate/Property Management Most Recent Related Newswires:

Ede Costa Team Joins Berkshire Hathaway HomeServices California Properties
Berkshire Hathaway HomeServices California Properties Opens New Office in Brea
Berkshire Hathaway HomeServices Nevada Properties Opens New Southwest Las Vegas Office
Berkshire Hathaway HomeServices Nevada Properties Appoints New Las Vegas Branch Manager
Homenova, Inc. Launches A Website for Private Home Sales
Real Estate Executives Appointed to GLVAR Board in Nevada
Westcorp CFO Named Top Tech Exec in Nevada
Berkshire Hathaway HomeServices Arizona Names New Manager
Berkshire Hathaway HomeServices California Properties Names Larry Tait Yorba Linda Branch Manager
Progressive Realtors Launches New Website to Connect Home Buyers & Sellers
Americana Holdings Forms Alliance with ListHub Global in Three States
Manhattan Boutique Real Estate Joins South China’s Leading Luxury Property Show
17th Annual Kansas City Pagan Pride Day - Harvest Festival and Craft Faire on September 13th
Celebrity Staging Expert Announces Ask The Stagers Platform
Berkshire Hathaway HomeServices Arizona Properties Welcomes Hamlet Terry Team

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)