RE opportunities to increase the most in Asia next year

According to a survey by Debtwire, in association with Clifford Chance and Rothschild, 84% of respondents felt that real estate opportunities would increase next year, more than in any other sector.


Opportunities in the real estate sector are expected to increase the most across Asia Pacific in 2010, according to a survey by Debtwire in association with Clifford Chance and Rothschild today.

In their jointly published survey, Asia Pacific Distressed Debt Market Outlook 2010, 84 percent of respondents said opportunities in real estate would increase, while only 10 percent said they would remain the same with the remainder stating that real estate opportunities would decrease next year.

This contrasted with utilities, a sector of which 84 percent said would remain the same. Of the other sectors polled, 62 percent said opportunities in oil, gas and mining would increase, 58 percent said manufacturing opportunities would increase and 52 percent said financial services opportunities would increase.

The survey said: “Echoing sentiments expressed in last year’s Distressed Debt Outlook, once again an overwhelming number of respondents believe that opportunities for distressed investors would increase in the real estate sector. This is the largest percentage group to expect opportunities in any given sector to rise.”

Across the sectors, the survey revealed that 68 percent of participants felt that refinancing situations would provide the most “distressed products” next year. Respondents also predicted that China would provide the most opportunities across Asia Pacific (58 percent) followed by Indonesia and Australia (36 percent each). It was felt that New Zealand would provide the least in opportunities (2 percent).

The survey polled 100 individuals.