The green property sector is becoming increasingly prominent in Emerging Asia, a report has shown.
The sustainable commercial property
sector is growing in Emerging Asia, according to a report.
Earlier this week, the Royal Institution of Chartered Surveyors (Rics) released results from its Global Property Sustainability survey for the third quarter of 2010.
It showed that the region ranked highest in the world for its implementation of green properties during this three-month period last year.
Agents in Emerging Asia reported that the highest increase in demand for environmentally-friendly real estate was for the areas' government, bank and commodity sectors.
The report revealed that having a property investment
in sustainable real estate is a "growing movement" in Emerging Asia.
This is likely to be the result of governments encouraging the uptake and development of green technology in the construction industry by providing a variety of incentives to do so.
Ursula Hartenberger, Rics' global head of sustainability, said: "Global implementation continues to rise and, overall, agents report that debt burdens are unlikely to completely derail the shift to sustainable construction."
Ms Hartenberger went on to comment about North America's support for environmentally-friendly real estate, saying it is "expected to see a disappointing decline in the uptake of sustainable solutions".
The international property professional added that this is "not surprising" due to the country's economic outlook and overhanging public sector debt.
Despite her comments, the survey revealed that the US government is the greatest implementer of green properties in North America and manufacturing was the only sector to see fewer sustainable solutions during the third quarter of last year compared with the first three months of 2010.
This comes after Dubai was hailed as a good area to invest in real estate after Nicholas Marr, chief executive officer at Homesgofast.com, predicted that 2011 would be a good year for the country's property industry.
He commented that prices in the area are at an "all-time low", which will come as good news to those hoping to make a good return.
Posted by Frank Tweed