- February 1, 2018: Vol. 10, Number 2

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Asia Pacific property stocks best global performers in 2017

by Christopher Hartung

The Asia Pacific property sector ended 2017 with a whimper, as the market was essentially flat for December (technically, down 0.01 percent). While the global property sector did lag broader equities for most of 2017, the synchronised growth across the globe provides tailwinds for property fundamentals heading into 2018, with the recent rebound in merger and acquisition activity among listed real estate companies providing support to current pricing levels. The Asia Pacific property sector closed 2017 with a 29.3 percent total return and remained the best-performing region and bested global property, which returned 20.7 percent. Unlike most of 2017, however, where results were driven by property-developer strength, REITs were the clear drivers in the last two months of the year and were up 1.2 percent in December. While lagging developer returns for the year, Asia Pacific REIT returns of 14 percent for 2017 are very strong, given we are multiple years into the sector’s recovery (w

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