Current Asian Property Markets ～ Poised for Strong Growth ～
金融研究部 主任研究員 増宮 守
1. Asian Property Market Features
2. Characteristics of Property Investment
Property markets in Asia and particularly in China have enhanced their global presence. For example， Asian markets occupied high positions in the 2009 global ranking by commercial property transaction value. Hong Kong and Seoul ranked fourth and fifth respectively following London， Tokyo and Paris， while Shanghai， Beijing and Singapore ranked seventh， twelfth and fourteenth respectively.
In this paper， we define “Asia” as the region ranging from India on the western edge， to Australia and New Zealand on the eastern edge， and not including Middle East or Central Asia. Furthermore， we define “Developed Asia” as the six countries of Australia， New Zealand， Japan， South Korea， Hong Kong and Singapore. The other countries are regarded as “Emerging Asia”.