Through the first six months of 2014, Asia Pacific public real estate markets have appreciated 4 percent in US dollar terms, lagging behind both Europe (up 12 percent) and North America (up 17 percent).
From the Current Issue
Why is the Chinese government setting up national and regional asset management companies if the country’s nonperforming loans are under control?
For centuries, coastal cities have been vibrant centres of economic growth. And this vibrancy has always been a magnet for capital, with real estate investors consistently gravitating toward markets on the water.
Alan Dalgleish, chief executive of ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, discusses ANREV’s efforts to bring greater transparency to the Asia Pacific region through the organisation’s index data of Asia Pacific non-listed fund performance, as well as other activities.
Jonathan Schein, senior vice president and managing director of business development for Institutional Real Estate, Inc., introduces himself.
Japan's sought-after Tokyo office market is still a destination of choice for many investors, with recent deals echoing this sentiment.
Asia Pacific investors continue investing capital into Europe. In two separate deals, two Singapore-based firms are under contract to acquire several office properties located in London and Germany.
Institutional capital continues to favour large real estate funds sponsored by proven investment managers.
With a modest loss for the month of August (–0.9 percent), Asia Pacific real estate stocks broke a streak of six consecutive months of positive returns as the region’s developers underperformed due to macro-economic concerns and a general preference for yield-oriented investments within a perennially low interest rate environment.
Chip Eng Seng Corp, KSH Holdings and Heeton Holdings have paid S$487.1 million (US$386 million) for Fernvale Road parcels A and B in Sengkang, a Singapore suburb.