Six picks from Asia-Pacific

Our local experts give an update on the regional residential markets

Melbourne, Australia

Melbourne has been the prime beneficiary of Australia’s population boom, and is set to exceed Sydney by 2035 – driven by record migration as people are drawn to its affordability and diversity of employment opportunities. And, as the city has more room to grow, a wave of infrastructure investment will continue to stimulate demand.

Chris Freeman, National Heas, Capital Strategy, Savills Australia

Sãnyá, China

One of the most southern cities in China, Sãnyá is a popular tourist destination on Hainan island, which has been earmarked as China’s nest free-trade zone. Fifty nine countries have visa-free access to Hainan, and the government is looking to develop leisure activities and expand duty-free shopping in order to take advantage of this.

James Macdonald, Head of China Research, Savills

Shanghai, China

Mainland China’s biggest city rivals Hong Kong, New York and London as pre-eminent economic centre. One of the most populous cities in the world, it has strong international ties and a rich mix of property types, from the preserved Art Deco structure of the Former French Concession to the high rises of its financial district, Lujiazui.

James Macdonald, Head of China Research, Savills

Singapore

Singapore is a city state with a strong rule of law that gives local and overseas investors the same legal protection. With a high population density and high per-capital income, there is a ready secondary market for investment. After 15 quarters of moderate decline, the residential market has entered a predicted multi-year recovery phrase.

Alan Cheong, Senior Director, Research & Consultancy, Savills Singapore

Sydney, Australia

Consistently ranked as one of the world’s most “liveable” cities, Sydney remains its strong demand globally. Record population growth in the past 15 years has helped to keep residential property demand buoyant. Continued strong population forecasts and ‘lower for longer’ interest rates mean the outlook remains positive.

Chris Freeman, National Head, Capital Strategy, Savills Australia

Ho Chi Minh City, Vietnam

Residential property is on the move in Ho Chi Minh City. Strong demographics, a high urbanization rate and steady progression of middle class is matched by supply across all property types. Continuous improvement in infrastructure also supports developments and add value to total return investment models.

Troy Griffiths, Deputy Managing Director, Savills Vietnam

Details in: Vietnam Residential Spotlight – Where to from here?

Read more:
Why Vietnam is the latest property hotspot?