Identifying, Monitoring, Understanding, and Analysing
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From the fall of 2016, moderate expansion of Japan’s economy has continued. However, since 2018, the economy has turned to a stagnant trend and as of November 2018 it is in the midst of a moderate slowdown.
Signs indicating a turnaround in the for-sale/transaction market for real estate in Japan, for example the decline in the contract rate of for-sale real estate and the bottoming out of transaction yields, are increasing. It appears that the market has already peaked out.
China real estate equities’ s total return surged to 12.9% in December supported by solid China’s official Purchasing Managers’ Index at 50.2 for December. China's home prices saw an increase in December witnessed a 3.34 percent year on year growth, according to the China Index Academy.
Indonesia real estate stocks were top performers among mid and smaller markets in December. In the fourth quarter of 2019, foreign direct investment into Indonesia rose 6.4% year-on-year to US$7 billion. China, Hong Kong, and Singapore were the top sources of investment.
Hong Kong REITs recorded the best performance at 2.2% in December. China Merchants has raised US$327.2 million in a public offering in Hong Kong, breaking a six-year listing drought for REITs in Hong Kong.
Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock), while it is also among the world’s best-performing cities for prime office rental growth.
APAC-focused managers are finding the largest returns in distressed opportunities – with the strategy also exhibiting a lower risk profile than opportunistic funds (the most capitalized strategy). Meanwhile, debt and fund of funds vehicles have exhibited the lowest variation in returns.
