Activity in the Asian real estate investment market rose significantly during the third quarter of 2010 and the period saw a noticeable improvement in investor sentiment. The quarter saw most of the region’s major real estate markets regain momentum after they had endured a brief period of uncertainty following the onset of the eurozone sovereign debt crisis. | AsiA iNVEsTMENT MArkETViEW Q3 2010 CBRE RESEARCH | ASIA CONTENTs Executive Summary Top 10 Investment Deals MarketView Greater China Beijing Shanghai Guangzhou Hong Kong Taipei Japan South Korea India Mumbai New Delhi Singapore Malaysia Philippines Thailand 2 4 7 8 9 10 11 12 13 14 15 16 17 18 19 Asia Real Estate Investment Guide 20 Contacts ©2010 CB Richard Ellis, Inc. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. 22 23 Asia Offices 2 ASIA INVESTMENT MARKETVIEW Q3 2010 EXECUTiVE sUMMArY “DIRECT REAL ESTATE INVESTMENT IN ASIA REVIVES IN THE THIRD QUARTER OF 2010” Activity in the Asian real estate investment market rose significantly during the third quarter of 2010 and the period saw a noticeable improvement in investor sentiment. The quarter saw most of the region’s major real estate markets regain momentum after they had endured a brief period of uncertainty following the onset of the eurozone sovereign debt crisis. Direct real estate investment in the region excluding land transactions grew by 53% q-o-q to an estimated US$18 billion in the third quarter. Overall transaction volume in the first nine months of 2010 totalled US$46 billion, representing a surge of 102% compared with the corresponding period of 2009. The significant quarterly increase of investment volume in Asia was to a certain extent attributable to the strengthening of Asian currencies against the US dollar over the course of the review period,
