Abstract
Commercial property investment in Asia has taken on increased importance in recent years. However, the global financial crisis of 2007-2009 has had a major impact on global property markets, including the Asian property markets. This paper examines global commercial property transactions in 2007-2008 to assess the impact of the global financial crisis on commercial property investment in Asia. Major property investor profiles and property transaction locations are also assessed. Clear differences emerge regarding the relative impact in Asia, both in a global context and regional context. The results highlight the increased relative contribution by the Asian property markets across a range of property investment characteristics during the global financial crisis. Issues relating to the ongoing impact of the global financial crisis over 2009-2010 are also highlighted.
| Original language | English |
|---|---|
| Pages (from-to) | 430-452 |
| Number of pages | 23 |
| Journal | Pacific Rim Property Research Journal |
| Volume | 15 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2009 |
Keywords
- Asia
- Global Financial Crisis, 2008-2009
- commercial real estate
- impact analysis
- industrial location
- investors
- location
- real estate investment
- stockholders
