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The GPR/APREA AsiaPac Performance Snapshot tracks the dynamics of listed real estate securities (including REITs) across 12 AsiaPac countries/regions and eight sectors, over multiple time horizons.

• Government bonds posted the highest total return in March 2018.
• Equities and listed real estate were the strongest performers over the past five years.
• On a ten-year basis, REITs outpaced rival asset classes, followed by listed real estate.

Singapore’s economy grew by 3.6% in 2017, a significant improvement over the growth of 2.4% in 2016...

Results for Q4 2017:

Knight Frank’s Asia-Pacific Prime Office Rental Index increased 0.7% quarter-on-quarter and 1.1% yearon-year in the last quarter of 2017.

The increase in the index was the result of rising rents in 12 of the markets over the quarter, with rental declines experienced in four of the 20 markets tracked.

Over the next 12 months, we expect rents in 16 cities out of the 20 tracked to either remain steady or increase, which is the same as our previous forecast.

We expect Singapore's property market to stabilize and strengthen over 2018, supported by broad-based GDP growth and an expected multi-year upcycle in the office and residential markets.

Physical supply in office, residential and industrial sectors is also easing from the oversupply situation of past years. Capital flows should remain buoyant as we expect interest rates hikes to be benign, and yield spreads are relatively attractive. Barring external shocks, we project a general uplift in rents and capital values over 2018, primarily driven by the office and residential sectors.