Taiwan 6th in commercial property investment in Q2
September 6, 2012, 12:14 am TWN
TAIPEI -- Taiwan ranked sixth among 10 major Asia-Pacific markets in commercial real estate investment turnover in the second quarter of 2012, according to a report on capital markets.
Second quarter investment turnover in Taiwan's commercial property sector reached NT$33.8 billion (US$1.13 billion), up 470 percent from the previous quarter, according to the report published by CBRE Group Inc., one of the world's largest commercial real estate services providers.
China, Japan, Hong Kong, Australia and Singapore had higher investment turnover in the quarter than Taiwan, while Malaysia, South Korea, New Zealand and India came in behind Taiwan in the quarterly survey.
According to the report, domestic insurers accounted for 61 percent of the total investment in Taiwan's commercial real estate sector.
Some analysts have suspected that life insurers may be less interested in investing in commercial property after the Financial Supervisory Commission, Taiwan's top financial regulator, set higher requirements for annual returns on real-estate investments.