GPR/APREA Index April 2020 27 May 2020
- Australian real estate equities and REITs led the region, as retail rebounded and industrial sector remained strong. Additionally, investor sentiment has improved with the further easing of COVID-19 restrictions throughout Australia.
- Singapore REITs also outperformed on the back of a rebound in hotel REITs and continued resilience in the industrial sector. Furthermore, the rally comes on the heels of the Singapore government’s announcement of a series of new measures to provide S-REITs with greater flexibility to manage their cash flows and raise funds.
- China offshore REITs also performed well in April as domestic activity continued to gradually pick up. Notably, China launched a pilot scheme for REITs in the infrastructure sector on April 30, focusing on warehousing and logistics, toll roads and other transportation facilities, etc. as well as new infrastructure, national strategic emerging industrial clusters, high-tech industrial parks, and other thematic industrial parks.
