Colin Galloway

Colin Galloway is a long-standing journalist who has covered China and the Asia Pacific region for a variety of international publications for many years. Based in Hong Kong, he currently works as an analyst and consultant for ULI Asia Pacific.

Emerging Trends in Real Estate ® Asia Pacific 2019, a real estate forecast jointly published by ULI and PwC, has Melbourne and Singapore as the top cities for investment in the region, followed by Sydney, Tokyo, and Osaka. The report, which is being released at a series of events across Asia over the next several weeks, provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by property sector and metropolitan area.
With rising demand for small cohousing units, developers in Asia embrace the for-rent market.
Seoul’s Bukchon Hanok Village is a 600-year-old traditional settlement located in the southern part of the city that was once home to the aristocratic families of Korea’s Joseon dynasty. Although many of the area’s historic hanok homes have disappeared over the centuries, rebuilding work during the 1930s ensured some 1,200 traditional homes still exist in the area.
Hong Kong’s land supply problem is not attributable to a lack of money, but rather is an issue of finding the physical space for development, as well as a matter of perception, said the chief executive of the Hong Kong SAR, speaking at a ULI event.
A glut of liquidity in local capital markets is making life difficult for domestic and foreign investors alike.
A ULI Advisory Services panel was asked to focus on Beijing’s Qianmen East, a 56-hectare (138 ac) hutongneighborhood, consisting of interlinked communities of low-rise courtyard homes aligned in sequence along narrow alleys.
China’s real estate sector has a long track record of defying its naysayers. Land and property values have time and again faced down a raft of apocalyptic predictions as they broke one record after another. Pricing may have wobbled at times as credit dried up and speculators ran for the hills, only for sentiment to quickly reverse and lift the market to new highs. But is this time different?
Improving economic conditions across the region brought an end to declining rents and prices in most Asia Pacific countries in 2010, with some markets (such as Japan) still groping for a bottom and others (such as China) moving so fast they are sparking talk of a bubble. Read about the regional growth expectations for Asia Pacific and about important caveats to any Asia Pacific recovery.
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