






{"id":13733,"date":"2021-04-21T10:56:08","date_gmt":"2021-04-21T03:56:08","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=12093"},"modified":"2021-06-04T16:12:08","modified_gmt":"2021-06-04T09:12:08","slug":"asia-pacific-buyers-lead-global-real-estate-revival","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/asia-pacific-buyers-lead-global-real-estate-revival\/","title":{"rendered":"Asia-Pacific buyers lead global real estate revival"},"content":{"rendered":"<p><span data-contrast=\"auto\">Chinese and Indian luxury buyers are seeking properties for personal use, while East and Southeast Asian buyers focus more on value-generating\u00a0assets\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<figure id=\"attachment_12094\" aria-describedby=\"caption-attachment-12094\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-12094 size-full\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/04\/processed-4.jpeg\" alt=\"\" width=\"1000\" height=\"625\" \/><figcaption id=\"caption-attachment-12094\" class=\"wp-caption-text\">Research indicates that savvy buyers intend to invest in residential real estate to\u00a0turn financial gain into real assets. Source: AlexanderReshnya\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">According to\u00a0an overarching study of the world\u2019s most affluent households by\u00a0<\/span><a href=\"https:\/\/www.luxuryportfolio.com\/Home\/About\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"auto\">Luxury Portfolio International (LPI)<\/span><\/a><span data-contrast=\"auto\">, the luxury division of Leading Real Estate Companies of the World,<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">58 percent of Asia-Pacific buyers are in the market for properties over the next three years, a number significantly higher than North American (45 percent) and European (48 percent) buyers.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The State of Luxury Real Estate (SOLRE) included over 25,000 wealthy consumers in the top one to five percent income bracket. Research indicates that as<\/span><span data-contrast=\"auto\">\u00a0wealth booms throughout the Asia-Pacific region, savvy b<\/span><span data-contrast=\"auto\">uyers intend to invest in residential real estate to\u00a0<\/span><span data-contrast=\"auto\">turn financial gain into real assets.\u00a0<\/span><span data-contrast=\"auto\">The report also shows that the affluent seller market is falling behind in buyer demand, providing new developments with opportunities to capture additional business. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Most of the Asia Pacific buyers are interested in the USD1 million and above price point (79 percent), with a median price of USD2.25 million and an average of USD3.11 million.\u00a0<\/span><span data-contrast=\"auto\">Among luxury investors, 23 percent are purchasing at USD5 million or\u00a0<\/span><span data-contrast=\"auto\">more,<\/span><span data-contrast=\"auto\">\u00a0and half are buying USD2.85 million p<\/span><span data-contrast=\"auto\">roperties<\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Luxury buyers makeup 46 percent of the total Asia Pacific affluent household <\/span><span data-contrast=\"auto\">but\u00a0are also a large segment of the affluent buyer population.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Moreover, buyers are expecting their current homes to <\/span><span data-contrast=\"auto\">appreciate<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">in<\/span><span data-contrast=\"auto\">\u00a0t<\/span><span data-contrast=\"auto\">he upcoming years. Indian buyers are\u00a0<\/span><span data-contrast=\"auto\">the\u00a0<\/span><span data-contrast=\"auto\">most optimistic, <\/span><span data-contrast=\"auto\">with more\u00a0<\/span><span data-contrast=\"auto\">than<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">half<\/span><span data-contrast=\"auto\">\u00a0(56 percent) anticipating home values to increase by 10 percent or more<\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/crazy-rich-asians-seek-singapore-luxury-properties\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Crazy rich Asians seek Singapore luxury properties<\/strong><\/a><\/p>\n<p><span data-contrast=\"auto\">Chinese and Indian luxury investors are mainly\u00a0searching for a residence for personal\u00a0use with investment properties coming at a far second.<\/span><span data-contrast=\"auto\">\u00a0On the contrary, East and Southeast Asian households<\/span><span data-contrast=\"auto\">\u00a0are more focused on investing in value-generating assets.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The report estimates 15.5 million affluent households and 10.3 million in the luxury segment are in the market to purchase property over the next three years. <\/span><span data-contrast=\"auto\">The ratio for buyer interest over sellers is 3:2, indicating opportunities for new developments and existing homes. The top global preference is new developments in key\u00a0<\/span><span data-contrast=\"auto\">cities and desirable\u00a0<\/span><span data-contrast=\"auto\">neighbourhoods<\/span><span data-contrast=\"auto\">, which also demand the highest prices. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Mickey\u00a0<\/span><span data-contrast=\"none\">Alam<\/span><span data-contrast=\"none\">\u00a0Khan, president of Luxury Portfolio International, said, \u201cMore than any other region,\u00a0<\/span><span data-contrast=\"none\">it is clear that affluent<\/span><span data-contrast=\"none\"> residential buyers in Asia-Pacific see opportunities and plan to be active in real estate now and <\/span><span data-contrast=\"none\">in the near future<\/span><span data-contrast=\"none\">. Ultra-luxury buyers are positive about home values rising, and there is sustained interest in prime property both in the Asia Pacific region and internationally. Investment sentiment toward real estate is strong and now outstrips other forms of financial investment. This bodes well for developers and resellers, along with sister industries, such as home design, art, and furniture.\u201d<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese and Indian luxury buyers are seeking properties for personal use, while East and Southeast Asian buyers focus more on value-generating\u00a0assets\u00a0\u00a0<\/p>\n","protected":false},"author":12,"featured_media":19705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[1312,223,1313,1314],"class_list":["post-13733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-affluent-households","tag-asia-pacific","tag-luxury-buyers","tag-resurgence","news_country-asia-pacific","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Asia-Pacific buyers lead global real estate revival | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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