Why Asian property’s strong rental growth is a double-edged sword

Quick Summary:

Rental growth is a cause for concern in Asia’s residential property market, but it is also a key driver of returns in the commercial sector.

This year, it will offer 10 sites for private housing development – many of them outside the central region which is more affordable for homebuyers – amounting to 11,110 units, the highest annual new supply since 2013.

The only market in Asia likely to experience a renewed decline in property yields any time soon is Australia, which repriced faster, especially the country’s shopping centres.“Australia is close to the bottom,” Chin said.

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Article Details

Author / Journalist: Nicholas Spiro

Category: Business

Markets: Hong KongAustraliaJapanNew ZealandSingapore

Topics: Property Housing Australia Market Last Growth Rental Cent Year Returns Rents

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-01 @ 16:30:09 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 1002 words

Reading Time: 6 minutes read

Sentences: 41 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21439269

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