Asia Pacific institutional investors, along with real estate consultants, investment managers and fund of funds managers — some of which sponsor this publication — met at the Imperial Hotel in Tokyo on 28–30 October for our seventh annual Editorial Advisory Board meeting for The Institutional Real Estate Letter – Asia Pacific.
The globe’s most promising property markets tantalise from the Asian shores of the Pacific, where incomes are rising and economic growth outpaces that of the Western world.
Much has been written about the inflow of capital from offshore sources to Australia. But what of Australia’s domestic investors?
Despite the Asia Pacific macroeconomy experiencing a slow start to the year, the region’s growth momentum is rising, with signs of strength expected in major core economies.
Asia Pacific investors continue to closely follow movements by the US Federal Reserve.
On the back of 7.7 percent year-over-year growth in China’s GDP during the first half of 2014, Chinese retail sales increased an impressive 12.1 percent year-over-year to US$2.02 trillion over the same period, and China is now expected to overtake the United States as the world’s largest retail market by 2016.
In October, both global and Asia Pacific real estate stocks rebounded from a tough September as the property markets were once again bolstered by a move to safe (and yield-orientated) assets amidst global growth worries and ever-lower interest rates.