Asia said to be the hot new region for investment opportunities at Cityscape Asia 2010
Asia is today an exciting investment destination, due to stronger fundamentals and a lack of dependence on foreign demand, say leading economists and investment experts at the opening day of Cityscape Asia 2010 in Singapore today. More than 3,000 real estate developers, investors and regulators are expected to attend the annual real estate exhibition and conference over 18, 19 and 20 May at the Singapore International Convention and Exhibition Centre at Suntec City. Speaking at a keynote session on forecasting the economic outlook for Asia 2010 and beyond, Dominic Bryant, Senior Asia Economist of BNP Paribas, said global attention is now focused on Asia and there is a regional trend of institutional and private investor capital flowing into the region’s real estate markets. “We are currently in the midst of a tectonic shift in the global economy in which Asia is a key player and beneficiary,” said Dominic. “Asia is coming into its macro-economic inheritance after years of hard work recovering from its own crisis over a decade ago. Markets have begun to see this and have repriced risk globally in favour of Asia.”
Sound fundamentals, such as generally low private and public sector debt levels, allowed for unprecedented Asian policy stimulus during the crisis. This in turn spurred domestic demand booms in the most populous countries in the region, helping Asia decouple from the West.
Surinder D. Kathpalia, Managing Director of Standard & Poor’s said the widespread policy stimulus across the Asia Pacific has also helped bolster domestic demand and strengthen recovery. In addition, the easing of monetary and fiscal policies played a critical role in creating and leveraging domestic and regional demand in 2009.
“Asia today offers some of the most promising growth prospects. With China, India and Indonesia among the three most populated countries in the world in our region, Asia is poised to grow faster than other regions. China and India are expected to experience an annual GDP growth rate exceeding 8%. In ASEAN, Indonesia and Vietnam are growing strongly supported by large domestic demand and rising exports,” he said.
Dominic added that the low inflation rate, external and budget surpluses and high foreign exchange reserves provided flexibility to many government policies that were sorely lacking in the 1998 crisis.
“If Asian policy makers take the right decisions and embrace the changes in the globaleconomy by continuing to look to Asia and their own domestic economies to generate growth, Asia will continue to outperform,” he said. Deal making is back on the agenda at Cityscape with hundreds of institutional investors and developers attending the event, including interactive elements such as Open Discussion Forums, country investor round tables and the Investors & Developers Networking Reception.
This year sees a strong contingent of regional developers including those from Singapore, Malaysia, Indonesia, Vietnam, China and Australia. They will also come together during the exclusive Cityscape Asia Investors & Developers Networking Reception to forge international relationships and discuss business and investment issues.
About Cityscape Asia
Cityscape Asia is the annual exhibition and conference focusing on all aspects of the real estate development cycle. The three day event will run from 18 – 20 May 2010 at the Singapore International Convention and Exhibition Centre (Suntec City Singapore) from 10AM to 6PM. Top deal-makers from leading developers, banks, institutional investors and investment authorities, as well as senior officers from foremost private equity funds and investment advisory firms gather at Cityscape Asia to discuss key issues and investment opportunities.
Some of the 2010 conference highlights include:
- Attracting and retaining Foreign Direct Investment (FDI) in Asia
- Redefining the role of private equity in driving Asia’s real estate recovery
- Country-specific macro-economic assessment and market updates
- Development and growth of Asian REITs
- China focus sessions
- Sector clinics: Hospitality, Residential, Retail and Offices
Cityscape Asia is a key part of the Cityscape Portfolio organised by IIR Middle East, which also includes Abu Dhabi, Global taking place in Dubai, India, China, Jeddah, USA, Riyadh and South America. For more information about Cityscape Asia 2010 and related events, please visit: