Asia's Property Market To Top USD1 Trillion By 2020
Category:
Real estate, Posted:21 Jan 2012 | 06:00 am
Leading financial institution DBS Bank is forecasting property demand to rise in Asia's housing sector from USD694 billion in 2010 up to USD1.1 trillion in 2020.
That's more zeros than I can even start to imaged but this would equated to 16.5 million property transactions in Thailand, Malaysia, Indonesia, Singapore and Greater China (including Hong Kong).
The sheer mathematics of Asia's large population base and growing middle class is a key catalyst to the anticipated growth.
Forget the top and bottom end, the momentum looks to be firmly entrenched at the halfway point.
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