Press enter

Taiwanese insurers tipped to make huge investments in overseas commercial property | 8 October 2013

Insurance companies in Taiwan have been tipped to the equivalent of $10 billion in overseas commercial property in the next few years.

This huge rise in spending has been forecast due to the lifting of restrictions on commercial property investment by the Taiwanese government.

A number of the island’s major insurers have already announced plans for major investment in commercial property following the relaxation of these laws.

Paul Hsu, who is chairman of the Life Insurance Association of the Republic of China, claims that his company would be very keen to invest in the right buildings.

Speaking to bloomberg.com, he said: “For the whole industry, the number can definitely be over $10 billion. We’re now trying to build a base in some big Chinese cities before moving into the second-tier ones there. The former provide good rental and stability, while the latter would also give us potential capital appreciation.”

Scmp.com reports that investment in local commercial property has also been tipped to skyrocket. However, insurers are only allowed to buy properties with a yield of 2.875 per cent of more.

Mr Hsu claimed that this could prove to be a major hurdle for many companies

“If this minimum yield doesn’t get lowered, it’s impossible to see any major investment by insurers into domestic properties,” he said.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

Share this story
More News

Qube Global Software shortlisted as Property Management System of the Year | 22 July 2016

We are delighted to announce that Qube Global Software has been shortlisted in the Property Management System of the Year category at the Property Week Management All-Stars Awards 2016 in the UK.

Hermes Investment Management wins Property Manager of the Year Award | 20 May 2016

Qube Horizon client Hermes Investment Management has won Property Manager of the Year at the UK Pension Awards 2016.

Qube Global Software to exhibit and sponsor MIPIM | 1 March 2016

We are pleased to confirm that Qube Global Software will once again be sponsoring and exhibiting at MIPIM in Cannes, South of France.

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close

This website uses cookies. By continuing to browse this website you are agreeing to our use of cookies. Please see our cookie policy for more details. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close