PART 2: IREI symposium — Asia Pacific real estate outlook
Investors - OCTOBER 6, 2023

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PART 2: IREI symposium — Asia Pacific real estate outlook

by Reno Sio

The Chinese government is institutionalizing its multifamily sector. For investors without geopolitical constraints, China could offer the opportunity to buy land at 20 percent to 30 percent below market value from local governments or landowners that are potentially financially stretched because of their inability to get refinancing, according to a symposium hosted by Institutional Real Estate, Inc. and held on Aug. 24 in Melbourne, Australia. Three regional panel discussions looked at the real estate markets in the United States, Asia Pacific and Europe, and the outlook for 2024. Additional key highlights from the panel on Asia Pacific real estate include the following:

Japan is compelling for multifamily investment, as it has a relatively low debt cost and up to 80 percent loan-to-value for multifamily assets; 1 percent to 2 percent rent growth; and favorable rental demand in Tokyo, Osaka, Nagoya and Fukuoka. Vintages following a period of dislocation
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