Market Report, "Taiwan Real Estate Report Q4 2010", published

New Business market report from Business Monitor International: "Taiwan Real Estate Report Q4 2010"
 
Oct. 15, 2010 - PRLog -- The fortunes of Taiwan's commercial Real Estate sector are leveraged to those of the IT sector and to the economy of mainland China. Unfortunately, the deceleration in China's economy is coming at a time when there is a glut of space in Taipei - especially in the retail and industrial sub-sectors.

Over the course of 2009, there was a sharp fall in rental rates, and an even greater rise in yields. It appears that the protagonists in the real estate market have adjusted their expectations. Over the next five years, most of the investment returns will come from income, rather than from capital growth.

The good news is that most of the adjustment has taken place. When we interviewed them for the second time this year in July, our in-country sources indicated that rents, yields (and, therefore, capital values had remained broadly stable since the end of 2009.

The massive Gate of Taipei project will add 2-3mn sq m of new, top quality, space to the office and retail subsectors. Our in-country sources are confident that it will cause overall rental rates (and, we would presume, prices and capital values) to increase. However, it may cause the already fairly high vacancy rates to grow in older and less glamorous premises.

For the time being, we continue to expect that yields will generally track sideways in all three sub-sectors. Increases in rental rates will, in general, be met with corresponding rises in prices and capital values.

Key Features Of This Report

This is the latest edition of a new series of industry reports published by BMI that seeks to identify the key dynamics of the real estate sectors of 44 countries around the world, some of which are developed and some of which are, in every sense, emerging markets. The questions that we seek to answer for each country remain as follows: what are the main issues that will matter to actors in and around real estate development in the country concerned, both over the long and the short term? What are the main constraints that they face? What are the key insights that one garners when one compares the real estate sector of the country concerned with its peers in other countries?

In Q3 we introduced a very substantial new improvement to the reports. We incorporated data and qualitative observations provided to us by commercial real estate agents operating in the countries we survey. As a result we gained a much clearer picture of the balance between demand and supply in each of three main sub-sectors - office, retail and industrial. We also introduced a new approach to the forecasting of rental yields, which is discussed in the methodology sector of this report.

In Q4, we have incorporated a lot of new data in relation to rents and yields in 2010. We gained this data by way of a new round of interviews with our in-country sources in mid-2010. In some cases, the latest information from our sources has caused us to make significant revisions to our forecasts for 2011-2014. We asked our sources to indicate what growth in rents is likely for 2011. We explain their answers in the Industry Forecast Scenario.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87981_taiwan_real_estate_repor...

Partial Table of Contents:

Executive Summary
SWOT Analysis
- Taiwan Real Estate/Construction SWOT
- Taiwan Economic SWOT
- Taiwan Business Environment SWOT
Regional Real Estate Overview
- Table: Asia Pacific's Office Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month)
- Table: Asia Pacific's Retail Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month)
- Table: Asia Pacific's Industrial Markets At A Glance - Rents, 2009-2011 (US$ per square metre per month)
Real Estate Market Overview
- Taiwan Real Estate Markets - Rentals in msq/month (USD)
- Taiwan Real Estate Markets - Net Yield (%)
- Taiwan Real Estate Markets - Terms of Contract/Lease
- Taiwan Real Estate Markets - Available Space (msq) and Vacant Space (%)
Industry Forecast Scenario
- Real Estate Outlook
- Taiwan Real Estate Markets - Rentals in msq/month (USD)
- Taiwan Real Estate Markets - Forecast Net Yield (%)
- Taiwan's Construction Industry Outlook
- Table: Taiwan's Construction And Infrastructure Industry Data And Forecasts, 2009-2017
- Macroeconomic Forecast
- Taiwan - Economic Activity
Business Environment
- Real Estate/Construction Business Environment Ratings
- Table: Asia Real Estate/Construction Business Environment Ratings
- Real Estate/Construction Business Environment Ratings
- Taiwan's RECBER
- Asia Pacific Project Finance Ratings
- Table: Design And Construction Rating
- Table: Commissioning And Operating Rating
- Table: Overall Project Finance Rating
- Taiwan's Business Environment
- Table: BMI Business And Operational Risk Ratings
- Latest Developments
- Table: BMI Legal Framework Ratings
- Legal Framework
- Table: Labour Force Quality
- Table: Annual FDI Inflows Into Asia, 2006-2008
- Table: Top Export Destinations (US$mn)
- Table: BMI Trade Ratings
- Operational Risk
Company Profiles
- BES Engineering Corporation
- Cathay Real Estate Development Company
- Farglory Land Development
- Huang Hsiang Construction Corporation
- Huaku Development
- Hung Poo Real Estate Development
- Kung Sing Engineering
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=8798...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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