KUALA LUMPUR - The iProperty Group has launched Asia-Pacific's largest dedicated commercial and industrial property portal, CommercialAsia.com.
In a statement here today, iProperty said the new website has the largest database of commercial and industrial property listings in the region with over 150,000 current listings, a figure expected to grow to over 500,000 by the end of 2012.
Chief executive officer Shaun Di Gregorio said data across Malaysia, Singapore, Hong Kong and Indonesia between 2010 and 2011 shows an upward trend in searches for commercial property.
"With the government introducing cooling measures across Asia-Pacific and the fear of possible recession in USA and Europe and assumption of that impacting Asia-Pacific, the residential sector is softening as investors adopt a 'wait-and-see approach'.
"On the other hand, in the commercial and industrial sector, which is rarely governed by restrictive policies and has seen high yields maintained, there has been a steady gain in interest," he said.
Di Gregorio said individual investors are shifting from residential to commercial, and this number will increase.
"Given the growth in the industry, there is really a need for a single platform for the commercial and industrial property sector where potential investors can search for property, but also be able to make sense of trends and property news across Asia-Pacific.
"Being able to find everything they need in one place will certainly help them make more informed decisions," he said, adding CommercialAsia.com will act as a "shopping mall" for all businesses, helping them to identify the space they need, providing transparent listing information and giving them the ability to directly connect wit the space that suits their requirements.
CommercialAsia.com will help business owners and business managers make informed decisions more efficiently by providing them with an easy and convenient platform to locate business spaces across Asia-Pacific and by providing vital research and reports.
It also features special functions such as a currency converter and a robust search engine.
By BERNAMA.
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