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Limited investment opportunities due to a shortage of investment-grade assets in the safe haven core markets of Asia Pacific have prompted investors to turn their attention to secondary and tertiary markets and even to non-core property types.
In its latest research report, ‘Betting on Asia Pacific’s Next Core Cities’, Cushman & Wakefield has used its proprietary tool, strategic location indicator (SLI) and selected the next core and emerging markets in the Asia Pacific region that will offer investors the opportunity to tap into their long-term growth fundamentals, which will become increasingly viable due to sustained reforms.
Indian cities were among the top 10 markets targeted by investors. Most of the global investments for this year will be made in commercial office assets as markets in Bengaluru, Chennai, Delhi NCR, Hyderabad, Mumbai and Pune are well placed to outperform other cities from emerging economies in Asia Pacific.
Top 10 Asia Pacific’s Next Core Cities are:
1 Hyderabad
2 Bangkok
3 Manila
4 Guangzhou
5 Shenzhen
6 Bengaluru
7 Mumbai
8 Pune
9 Chennai
10 New Delhi
Siddhart Goel, Senior Director, Research Services Cushman & Wakefield said, “Asia Pacific remains a very viable investment target for global capital. After entering in 2005 to 2008 and having learnt many valuable lessons since then, global investors are now well equipped to take advantage of the potential that Indian real estate markets offer.”
He further added, “The country is firmly on track to become an economic powerhouse with strengthening GDP, better business environment and investor-friendly policies by the Central Government. Despite concerns about global events such as BREXIT and changing US immigration policies impacting the IT-BPM sector in India, we have seen that other sectors such as BFSI, healthcare, consulting services and various manufacturing industries are increasingly driving demand for commercial spaces.”
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