India’s hospitality sector to emerge as key area

Real estate services firm Cushman & Wakefield has partnered with MIPIM Asia to bring out the 2007 Asia Pacific Investment Report. According to the report, India’s hospitality sector is expected to emerge as a key area for investors over the next few years, due to a demand-supply imbalance and a lack of quality infrastructure.

Covering Australia, China, Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, the report provides a broad overview of the key factors, risk assessment, regulatory changes, economic prospects, return expectations and market trends that play a major part in property investment decision-making.

The report says that the Australian office, industrial and retail markets are all expected to perform strongly over the next 12 months. Overseas property investors in China will start looking at a broader range of product types and investment scenarios and a much wider range of geographical locations.

Other highlights of the report: a resurgent Japanese economy and strong demand from investment funds, particularly foreign funds, is driving commercial land prices upwards; there is a new sense of optimism in Singapore brought on by an improving economy, emerging high-impact tourism and iconic real estate projects.

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