Asia real estate investors to target non-traditional sectors: Colliers

HONG KONG - Asia's real estate investors will spend more in a wider range of geographical locations and property sectors outside the region in 2014, according to Collier's International. "Besides increasing global liquidity, the volume of outbound investments from Asia is being driven by both 'pull' and 'push' factors," says Colliers CEO Asia, Piers Brunner.

"The main 'pull' factors are the higher yields available in the prime gateway cities of the US, Europe and Australia, the growth potential of property there, and the high level of transparency.
 "The 'push' factors are the likelihood that the Governments of Hong Kong and Singapore will keep existing local real estate cooling measures in place this year, and the relaxation of Government policies concerning overseas real estate investments in Asian countries."

Colliers believes that more Chinese developers will look overseas to support the needs of their local clientele. It adds that South Korea is also catching up in terms of offshore property growth – its annual volume of outbound property investments increased by more than half in 2013.  www.colliers.com (ATI).