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The impact of the global financial crisis on commercial property investment in Asia

  • Graeme Newell
  • , Muhammad Najib Razali

Research output: Contribution to journalArticle

20 Citations (Scopus)

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 languageEnglish
Pages (from-to)430-452
Number of pages23
JournalPacific Rim Property Research Journal
Volume15
Issue number4
DOIs
Publication statusPublished - 2009

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 10 - Reduced Inequalities
    SDG 10 Reduced Inequalities

Keywords

  • Asia
  • Global Financial Crisis, 2008-2009
  • commercial real estate
  • impact analysis
  • industrial location
  • investors
  • location
  • real estate investment
  • stockholders

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