Identifying, Monitoring, Understanding, and Analysing
We provide insightful and rigorous research to our members; each APREA member has access to regular research reports and publications, as well as curated news.
Is Hong Kong is poised for a real estate resurgence?
Two years ago, Hong Kong was the world’s third largest real estate market, trailing only New York and London. The twin challenges of protests and a pandemic have taken their toll. So last week, Yardi called in the experts for their take on Hong Kong’s future.
Private assets face demands for transparency amid greater interest from investors seeking to understand risks, performance and how these investments compare to public securities. We speak with Peter Shepard, Head of Fixed Income, Multi-Asset Class and Private Asset Research and Brian Schmid, Global Head of Product Management and Applied Research at Burgiss.
The aggregate performance of closed- and open-end real estate funds in the U.S. was strikingly similar in recent years, despite large differences in their strategic focus and the roles they play in institutional portfolios.
How investors timed their commitments to closed-end funds, as well as how managers drew down and returned capital to investors, contributed toward money-weighted returns that were 2 percentage points higher than their equivalent time-weighted returns.
Performance dispersion across closed-end funds created opportunity for investors able to select top-quartile managers, but even those making a large number of commitments potentially faced a wide range of portfolio returns.
With new demand continuing to be led by the technology sector, tightening vacancy to 5.0% from 5.2% in Q4 2020, Colliers recommend occupiers to lock in leases early as rents hit an inflection point. Owners should redevelop older properties into mixed-use developments to unlock value.
Report highlights:
CBD Grade A rents stabilised at SGD9.54 per sq ft (-0.3%QOQ) in Q1 2021, as net absorption turned positive after two consecutive quarters of contraction.
New demand continued to be led bythe technology sector, tightening vacancy to 5.0% from 5.2% in Q4 2020.
Total office or mixed office investment volumes rose 13.9% YOY to SGD850 million in Q1 2021, as confidence returned with the global vaccine roll-out.