Print this article

Knight Frank Offers Another Index - For Asian Development Land

Tom Burroughes

7 March 2016

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.