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Asia Luxury Residential MarketView Q2 2011

By on Aug 26, 2011 in Research


• Buyer sentiment weakens amid further tightening measures 
Tightened mortgage lending and rising interest rates continued to impact on buyer demand in most Asian markets in the second quarter of 2011, Concern over the regional economic outlook rose as the economic situation in the United States and Eurozone worsened in July, and further deterioration could have a knock on effect on the Asian economy.
• Transaction volume remains generally stable
Trading volume in Shanghai and Hong Kong declined on q-o-q basis in the second quarter whilst activity in Singapore remained steady. Southeast Asian markets displayed mixed results. With Ho Chi Minh City recording a significant fall in completed deals.
• Price appreciation begin to ease
The CBRE Asian Luxury Residential Capital Value Index rose by 2.5% q-o-q in the second quarter compared to a rise of 5.5% q-o-q recorded in the first quarter. In Hong Kong price appreciation moderated to 8.9% q-o-q from 14.0% in the first quarter, although the rate of growth nevertheless remained the fastest in the region. Capital value growth eased in the most first-tier cities in China following the implementation of further restrictions on home purchases. Prices in Bangkok and Ho Chi Minh were static as demand from end users was dampened by more stringent mortgage policies.

This is an extract from Asia Luxury Residential MarketView Q2 2011.  To read the full document please click here.


Chris Hardy has extensive research experience. Chris specializes in property research internationally writing for CBRE specifically about global issues and trends.

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