GPR/APREA Index July 2019 16 August 2019
Asia Pacific REITs were least impacted with relatively lower volatility in July and remain the strongest long-term performer.
Hong Kong stocks declined as fears over protests grow and the social unrest knocks investor confidence. Hong Kong listed real estate market witnessed hardest hit among other rivals. Additionally, lower mainland demand against slowing China economy have hindered commercial rentals in Hong Kong.
Japan REITs recorded the highest total returns 4.4% in July. Institutional investors piled into REIT as they consider yields of government bond continue to decline.
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