■ In a bid to limit house price growth, Asia Pacific stands out among global real estate markets as being particularly regulated.
■ Price cooling measures in the form of stamp duty hikes and taxation has had the effect of reducing transaction levels in the prime markets, most notably in Hong Kong and Singapore.
■ Prospects for future growth in the region will be significantly driven by China’s economy, which is currently slowing but likely to receive further stimulus and whose population will be a significant and growing market force for decades to come.
■ World cities in the region are supply constrained so supply-demand imbalances are likely to increase. Sydney faces the challenges of densification and mass transit, Hong Kong and Singapore face the need for ‘new territories’ further north to form commuter zones for already dense or fully-developed areas of the city.
■ Asia Pacific presents huge opportunities as a result of ageing population and growing consumer affluence for growth in leisure resorts. We predict that real estate value growth in the newly emerging resorts will match that seen in the region’s global cities of late and could be where the ‘smart money’ heads next.