During April, Asia Pacific and global property stocks posted modest positive returns of 1.8 percent and 0.4 percent, respectively, to build on March’s strong results. In general, the real estate markets continued to respond favourably to accommodative governmental fiscal policies that support views global interest rates will remain low for the foreseeable future due to overarching economic slowdown fears. Further, property stock earnings are looking relatively strong compared with other stocks, given the more insulated nature of property company earnings (particularly REITs) and the resultant current yield stability. So far, the net of these swirling factors is a 2.8 percent return through April of this year for Asia Pacific property stocks, as compared with a 5.5 percent return for global property stocks. Of note, much of the return performance for the region has been driven by REITs, with Asia Pacific REITs up 16.7 percent in 2016 (based on SNL Financial data, with quoted countr