02 Aug '11, 8am

Positive H2 outlook for Asia's commercial properties

SINGAPORE: Commercial properties in Asia will continue to do well in the second half of this year, according to real estate investment house Pacific Star in its biannual Asia Property Outlook and Strategy report. Pacific Star, a real estate investment house, said the Asian real estate environment continues to shine, despite greater global uncertainty, as it is supported by favourable economic fundamentals and positive consumer sentiment. Pacific Star noted that capital values have risen on the back of solid rental growth as regional economies continue expand strongly. Within the commercial sector, the investment house picks retail real estate as its top investment choice. It said retail properties here are supported by strong retail spending, and rising tourism inflows to Asia Pacific Star's also picks Hong Kong, Singapore and Kuala Lumpur as the top three destinations in ...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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