Asian property sector to benefit from Belt & Road

Property markets in major Southeast Asian and South Asian countries will benefit from China's Belt and Road Initiative in the coming five years, with Indonesia and the Philippines likely becoming the biggest winners, a Colliers International report said.

Investment will be led by big infrastructure projects in countries and regions related to the initiative. "Such projects will stimulate growth in wealth, enhancing existing investment possibilities," said Andrew Haskins, executive director of research, Colliers Asia.

According to Haskins, most Southeast Asian property markets have long-run attractions, with Indonesia and the Philippines standing out. Shortage of stock suggests development projects with local partners will be key to market access, and opportunities will center on industrial and residential property.