Asia is the world’s top destination for property investments, according
to Cushman & Wakefield’s Executive Chairman Carlo Sant’Albano.
“Interest
in real estate is absolutely as high as we have ever seen,” he said in
an interview in Tokyo. “When you look at the growth profile of the world
in the next several years, Asia remains an absolutely critical path for
growth.”
The New York-based property broker revealed that the
region accounted for 47 percent of global property transactions last
year. Estimates show that global real estate investment volume would
surpass US$1 trillion (S$1.26 trillion) this year, the highest since
2007.
“If you want growth, Asia is the place you want to come,” said Sant’Albano.
“If
you want a very solid core investment, maybe more yield related rather
than capital gain, you would look at Japan, London and Australia, and
some of the major cities around the world.”
Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email nikki@allproperty.com.sg
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