ARE BEST PROPERTY INVESTMENTS, SAYS REPORT
The ASEAN (Association of Southeast Asian Nations) region has witnessed a 15 percent year-to-date rebound in property prices, with
taking the lead.
According to UOB Kay Hian Research (UOBKayHian), ASEAN is now one the world’s fastest growing regions with an estimated growth of six percent per annum in the next three years.
“The move towards an Asean Economic Community by 2015 means a single market of 600 million consumers with freer movement of goods, services, capital and people. It will not only see more foreigners setting up businesses in the region but also deeper intra-regional trade and investments,” said the firm.
Moving ahead, the report encouraged the region to welcome more expatriates and intra-regional investors to boost the property market. The reduced entry barriers have also made it easier for developers to enhance their regional presence.
The report added that structural transformations created a high degree of sustainability to the current recovery, as interest rates were low and currencies fairly stable.
Info courtesy - PropertyGuru.com.sg