Logo of Phnom Penh Post newspaper Phnom Penh Post - Commercial real estate volumes up 8 per cent in first quarter



Commercial real estate volumes up 8 per cent in first quarter

Commercial real estate volumes up 8 per cent in first quarter

Commercial real estate continues to rank high up on the list of acquisitions for investors around the world, as preliminary global real estate investment volumes in the first quarter of 2013 reached $94 billion, according to Jones Lang LaSalle’s capital markets research from 60 countries.

The real estate investment volumes in the first quarter represented an 8 per cent increase over the same quarter in 2012.

Improving confidence in the global economic recovery and a continued demand for direct real estate exposure continue to push volumes higher with Germany, Japan, and the United States all finishing the quarter strong. Other highlights include:

All regions show increases over a year ago with the Americas, Europe, Middle East and Africa and Asia Pacific all between 7-8 per cent higher than one year ago.

Growth in the Americas was driven by increases in the two largest markets of the United States and Canada, of 20 per cent and 6 per cent growth respectively.

Volumes in the Asia Pacific region were driven higher by a 30 per cent increase in Japan year on year and stronger investment volumes in Singapore and Hong Kong. Overall the region is 8 per cent up on the first quarter of 2012.

Europe’s three biggest markets, the United Kingdom, France and Germany all contributed to the increase in transactional volumes, with Germany recording investment volumes almost 40 per cent higher than a year ago.

Jones Lang says it maintains its forecast for the year to be between $450 billion and $500 billion, with further growth in quarterly volumes this year.

Arthur de Haast, head of the International Capital Group at Jones Lang said, “Volumes of almost $100 billion in the first quarter of the year, in what is historically a quieter period, demonstrates the desire investors continue to have for direct real estate investments. Encouraged by a slowly improving global economic environment and rising property values, especially in core cities, the number of assets for sale continues to increase.”

MOST VIEWED

  • Cambodia to waive quarantine requirements Nov 15, no PCR test required

    Prime Minister Hun Sen has decided to lift all quarantine requirements for fully vaccinated travellers and visitors – both Cambodians and foreign nationals – effective from November 15 onward. In a special message addressed to officials and relevant authorities on November 14, Hun Sen said this policy will enable

  • PM: No more quarantine for vaccinated travellers

    Cambodia is lifting all quarantine requirements for vaccinated inbound travellers entering Cambodia by air, waterway or land border checkpoints effective from November 15. Travellers will be required to take a rapid antigen test on arrival rather than waiting for the results of the lengthier polymerase chain

  • No payment required for travellers taking rapid Covid tests on arrival

    Ministry of Health officials said there would be no payment required for the rapid Covid-19 tests given to travellers who arrive in Cambodia from November 15 onwards after the quarantine requirement is lifted for fully vaccinated people. Health ministry spokeswoman Or Vandine told The Post on

  • General’s gun smuggling ring busted

    The Military Police sent six military officers to court on November 22 to face prosecution for possession of 105 illegal rifles and arms smuggling, while investigators say they are still hunting down additional accomplices. Sao Sokha, deputy commander of the Royal Cambodian Armed Forces and commander of

  • More Cambodians studying in US

    The number of Cambodian students studying at US colleges and universities in 2020-21 increased by 14.3 per cent over the previous year despite the Covid-19 pandemic, according to a recent US government report. The 2021 Open Doors report on International Educational Exchange showed that 848 Cambodian students studied

  • Cambodia, Thailand to discuss border reopening

    Cambodian authorities from provinces along the Cambodia-Thailand border will meet with Thai counterparts to discuss reopening border checkpoints to facilitate travel, transfer of products and cross-border trade between the two countries. Banteay Meanchey provincial deputy governor Ly Sary said on November 22 that the provincial administration