East coast commercial property performing strongly

By Reporter
 — 1 minute read

Sydney and Melbourne are set to deliver some of the strongest returns in the Asia-Pacific commercial real estate market, Standard Life Investments says.

While the Asia-Pacific region as a whole is likely to experience “another year of healthy economic growth”, Standard Life Investments head of real estate research and strategy Anne Breen said Sydney and Melbourne looked particularly strong.

“The top performers should be Sydney and Melbourne offices given a resilient Australian economy, while dominant prime regional shopping centres should also perform well,” she said.


Office space in Tokyo is also tipped to deliver healthy returns, however this market is “peaking” and investors should expect lower returns in 2017 “as the new supply-line grows”.

This strength is unlikely to be replicated on the other side of the country however, Ms Breen cautioned, with the Perth office market likely to underperform.

“Perth offices, Hong Kong office and retail, Singapore office and retail and some mainland China office markets are expected to underperform given high and growing supply, and weakening demand,” she said.

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East coast commercial property performing strongly
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