October was another “up” month for the Asia Pacific property sector, as a continued strengthening in global economic growth prospects with still muted inflation are driving solid property fundamentals. The 0.9 percent total return in October brings the region’s returns to 31.2 percent for the year through October, as compared with global property returns of 19.6 percent, with Asia Pacific remaining the best-performing region within the global property sector. The stellar year-to-date results, however, primarily were driven by strength among property developers, as the more yield-sensitive REITs (only up 8.6 percent in 2017) have encountered some headwinds with the approximate 30-basis-point rise in the US 10-year Treasury yield since early September (with returns based on S&P Global Market Intelligence data, with quoted country returns in local currency, and regional indices quoted in US dollars). Overall, the property sector returns compare well with global stock total re