Forecast for South East Asia property market steady but not spectacular
Rents continued to rise in most of South East Asia and moderate rental growth is expect in the next 12 months, according to the Asia Pacific Economy & Property Markets report released by Jones Lang LaSalle.

Rents continued to rise in most of South East Asia and moderate rental growth is expect in the next 12 months, according to the Asia Pacific Economy & Property Markets report released by Jones Lang LaSalle.
Investors continued to be active across Asia Pacific and residential investment volumes held at similar levels to the same time last year. Rents and capital values continued to rise in most markets and sectors, albeit at a modest pace, according to the report

Singapore’s residential outlook for the next 12 months is one that could see decline on the back of QE3 and other factors. Photo: Wikicommons by Merlion444
China and most emerging South East Asia markets saw residential rents rise by nearly four percent and the property market remained generally healthy in the region.
However, residential demand in Hong Kong and Singapore remained subdued and the pair could see further decline in the short term due to slower corporate expansion, the report noted.
The report concluded that the office and retail sectors should generally deliver higher returns than the residential sector, which is likely to see continued policy restrictions in various markets.
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Forecast for South East Asia property market steady but not spectacular
Thailand Real Estate
Although the current outlook for Thailand property has taken a knock and the current political situation needs to be followed closely by potential Thailand property investors, the country’s property market should not be overlooked.
The completion of the Suvarnabhumi-Phuket International Airport has spurred growth in commercial property markets in eastern Phuket as well as in the beach resort of Pattaya. Thailand has become even more accessible by air with a wide range if International carriers using Phuket as a hub. In recent years, there has also been a surge in budge carriers, offering very competitive prices to both local and international destinations.
Real estate developers in 2010 are more cautious and many have professionalized their operations
Factors that indicate the 2008 Thai real estate market is not experiencing a bubble- like boom include:
1. Property prices have not changed dramatically in most areas.
2. Interest rates are continuously rising In the overall housing market, speculation is not significant even though there is some speculation in condominium markets and tourist area properties.
3.Low consumer confidence because of unstable political and economic environments.
4. Global Financial Crisis discourages overall property speculation
Falling consumer confidence : The slowing global economy together with unstable local political and economic environments will result in falling consumer sentiment and confidence in Thailand. Consumers will delay home purchases because they will be unsure of current and future incomes – directly affecting real estate demand. The general public will also begin losing confidence in the financial sectors, although not as severely as in foreign countries. Lower construction costs : The slowing global economy will result in lower construction materials costs as global demand for these materials decreases. Investors and speculators become sellers : Although current investment and speculative demand is still low, it is prevalent in some condominium-markets and tourist- property categories.Speculators expect to generate profits from price appreciation. If prices do not appreciate as expected on Thai Real Estate Market, they become sellers.

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