Colliers International (NASDAQ: CIGI; TSX: CIGI), a global leader in commercial real estate services today released its Asia Market Snapshot Q4 2017 report with a detailed overview of all property segments’ performance across 13 Asian markets during the last quarter of 2017.

Terence Tang, Managing Director of Capital Markets and Investment Services at Colliers International, Asia, commented: “2017 ended with a flurry of activity across the region that showed few signs of abating as we entered the new year. While overall buoyant activities were witnessed across most markets and sectors, the office segment in Hong Kong, Shanghai and Singapore stood out as a key focus for investors, signalling an improving business outlook on the back of a rebound in investment, trade and manufacturing.”

Sentiment in some emerging markets, however, including Indonesia and India, remains cautious as investors gauge policy and regulatory changes amid an uncertain political environment. However, these changes and the ambitious development plans taking shape around the region will be a key driver of opportunity in 2018 and beyond. In China, for example, two urban redevelopment site transactions in the Pearl River Delta in Q4 totalled USD1.1 billion, while urban master plans to transform Beijing, Shanghai and Chengdu into international gateway or global cities by 2035 will pave the way for attractive residential and commercial investment opportunities.

In terms of key Asian hubs, investment activity in Hong Kong gained further momentum in Q4, with a new record set in the luxury residential market (an all-time Asia high for Mount Nicholson sold for over USD16,700 per sq ft). Given the healthy pool of cash-rich buyers and funds, and aggressive local and mainland Chinese developers, this upward momentum is expected to continue throughout Q1 2018, particularly in the office and residential sectors.

Singapore also witnessed a strong finish to the year on the back of better than expected economic conditions, with developers and investors aggressively pursuing deals across the residential and commercial sectors. The broadly positive economic outlook should continue to drive investment demand in these sectors and encourage developer participation in collective and land sales.

In Shanghai, office, business park and mixed-use assets continued to dominate the focus of investors, accounting for 15 of the 17 total transactions this quarter. Plans to develop the city into a national and global hub of finance and innovation will help ensure that it remains China’s most active en-bloc investment destination in 2018. Investments remained the key driver behind acquisitions, accounting for 13 of the 17 transactions, totalling USD4 billion or approximately 93% of the total transaction volume for the 4th quarter. These positive trends are expected to continue throughout Q1 2018.

The industrial and logistics sector also offers sound investment opportunities in markets such as the Philippines, where an influx of manufacturing investments and the rise of e-commerce are fuelling demand, and Myanmar, where infrastructure remains limited but the success of existing special economic zones is encouraging local and foreign investment.

Continued growth is also witnessed in the hotel sector in Vietnam, where tourist interest is increasing and a successful year as APEC host has elevated the country’s profile, and Thailand, where visitor numbers continue to climb and contribute to interest in hospitality investments in the city-center.

To view a copy of the Asia Market Snapshot Q4 2017 report, click here


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