Safe as houses: bricks and mortar are making dollars and sense

Article Abstract:

Property is a good investment in Asia in 1997, in spite of a general slowing in economic growth. Hong Kong, Australia, Thailand, Indonesia, Singapore, and the Philippines are all good prospects, while China, India and Vietnam are more risky. Property prices in Hong Kong are expected to fluctuate during 1997 with the reversion of the colony to China, although the economic fundamentals are sound. Apartments in Sydney, Australia, are good prospects and there should be more property available for overseas buyers in Thailand.

Economic aspects

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Buyer's market

Article Abstract:

The economic crisis in Asia has made people aware that strong growth in property values can no longer be taken for granted. Indeed, property prices are likely to fall and vacancy levels may rise. However, Asia still has good long-term economic prospects, and it is still worth investing in property in the region. Indeed, wise buyers can find some attractive bargains at present, as in many markets property prices are at least 20% below the early 1997 level.

Real estate industry

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Busy down under: Asians go on a buying spree in Australia

Article Abstract:

The real estate industry in Australia is experiencing strong interest from Asian investors, attracted by low residential prices, spacious surroundings and political stability. Some of the top Asian property investors in Australia come from Singapore, Malaysia and Hong Kong. In Perth, Indonesians account for much of the market, with many well-off and middle-class Indonesians seeking property close to golf courses.

Australia, Investments, Real property, Asians, Asians in Australia

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