20 Nov '12, 9am

#Luxury #home prices in #Asia strengthened in Q3 w/ #CBRE Asia Luxury Residential Price Index increasing by 2.4% q-o-q.

#Luxury #home prices in #Asia strengthened in Q3 w/ #CBRE Asia Luxury Residential Price Index increasing by 2.4% q-o-q.

Asia Luxury Residential MarketView Q3 2012 Asia Luxury Residential MarketView Q3 2012 Luxury home prices in Asia strengthened in Q3 2012 with the CBRE Asia Luxury Residential Price Index increasing by 2.4% q-o-q, marking the end of four consecutive quarters of decline. Prices rebounded in Beijing, Shanghai, Guangzhou and Shenzhen thanks mainly to improved buyer sentiment. Limited supply and low interest rates combined to support the growth of luxury property prices in Singapore and Hong Kong whilst prices in Ho Chi Minh City, Kuala Lumpur and Bangkok were largely unchanged. The CBRE Asia Luxury Residential Rental Index edged up by 0.5% q-o-q in Q3 2012 as leasing markets across the region remained broadly stable. However, expatriate demand remained weak as multinational corporations continued to adopt a cautious attitude towards expansion and sought to trim housing allowan...

Full article: http://www.cbre.co.th/en/Asia-Luxury-Residential-MarketVi...

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