The survey highlighted that further increases in supply plus the weakening tenant demand show a negative outlook for the occupier market. Rental expectations across industrial, retail and office sectors dropped with an all property net balance of -28. Also, the decline in investor market is expected to put capital values lower over the next quarter.
On the other hand, commercial property market in Hong Kong and China continue to perform well despite the slump felt by other key Asian countries.
Both markets were less affected by the unstable global market. Demand for both occupier and available space in China continued to grow, resulting to rising rental expectations and a net balance of +25.
Hong Kong market is seen to improve more as occupier demand and capital values continue to rise in Q2. Rental expectations in the industrial and retail sector continue to rise except in the office sector.
"The re-emergence of the euro crisis allied to generally weaker economic numbers has clearly taken its toll on much of the real estate world although the continuing strength of the market in countries such as Canada, China and Thailand is impressive," said Simon Rubinsohn, Chief Economist at RICS.
"However, it remains to be seen whether they can continue to buck the more gloomy trend if the macro data remains disappointing. Recent actions from central banks in China, Brazil and in Europe provide some reason for encouragement but more stimulus may be needed to ensure the global economy can steer a path through the increasingly choppy waters," he said.
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Source: http://oriental-realty.blogspot.com/2012/08/malaysia-commercial-property-market-to.html
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