Welcome to 2017. What will this be a year of?
2016 has come and gone, but many of us are still left with the nightmares and repercussions from the many challenging and volatile events that had taken place throughout the past year. For most of us, it was a challenging year to say the least. For others, the pain may have been excruciating. The real estate market has not been immune to the past year’s whims.
It’s easy to let the last remnants of joy, hope and positivity get sucked out from us, but, in spite of all these challenges of 2016, we must remind ourselves that the night is often darkest before dawn. Positivity is what gets us through the revolving table of life happenings, without it, our personal life, business and health will suffer tremendously. Let’s forgive and forget the perils of last year and look with hope towards a better year ahead of us. This is the time to find the strength to fight on, not surrender.We all have the choice to dictate or own future, and this can very well be your year to thrive if you choose to embrace positivity instead of waving the white flag.
2016 was a year of anxiety and uncertainty. It was marked by major shocking events like the Brexit debacle, the US presidential election outcome, and other socio-economical upsets and heightening geopolitical tensions. To sum it up, it’s been a roller coaster ride of global uncertainty on every corner of the world.Luckily, the shocks of Brexit and the US presidential election have not caused much significant changes in the real estate market in Asia-Pacific, despite some short-term currency volatility. On a more uplifting note, the real estate markets in Asia-Pacific has remained more or less robust, which has attracted a great number of investors around the region.
Here are some of the key real estate trends thatexperts expect to see in Asia-Pacfici’s realestate market in 2017:
Vietnam: The Rising Star To Watch Out For
All eyes will be on Southeast Asia in 2017, with Vietnam being its particularly sought after rising star. According to JonesLang LaSalle’s Asia Pacific Capital Markets report, Vietnam’s real estate sector saw a 12 percent year-on-year increase in investment this year. However, investors are still to be expected to fall back on more mature markets such as Australia, for its transparency and higher yields, and,Singapore, for its attractive entry points.
The Trend Of Chinese Capital Going Out For Real Estate Gathers Momentum
According to reports made by Jones Lang LaSalle, the trend of Chinese capital going for real estate has no plans to stop, as a matter of fact, it is only going to keep gaining momentum due to the enormous capital base in China. Investors in China see overseas investment as a strategic move. Currently, China is the world’s largest cross-border real estate investor, having invested nearly USD 18 billion in to commercial assets internationally in the first three quarters of this year.
New Sectors Will Be Popping Up To Create New Opportunities
Investor’s are looking for value in 2017. As a result, investors will more and more so search for value in off-market deals, in newer and secondary cities and newer sectors.