Real Estate
Knight Frank Offers Another Index - For Asian Development Land
The property consultancy has launched a development land index for the Asia-Pacific region.
Wealth managers seeking more data to inform land investment
decisions have a nifty new index from global property consultancy
Knight Frank.
The firm has launched the Prime Asia Development Land index, with
data for the second half of last year. The index derives the
price of prime residential (apartment or condominium) and
commercial (office) development land in 13 major cities across
Asia.
Prices of residential sites in the region rose 3 per cent in
the second-half of 2015, up from 1.2 per cent growth in the
previous six months. On the other hand, the price growth of
office land slowed to 1.5 per cent from 3.6 per cent.
The second half of 2015 witnessed development land
investment volumes in Asia rising by 14.1 per cent year-on-year;
cross-border volumes increased by 55.3 per cent, driven by
intra-Asian investment flows.
