Institutional Real Estate Asia Pacific

September 1, 2016: Vol. 8, Number 8

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From the Current Issue

Asia Pacific

On balance: New accounting standards require leases be recorded on balance sheets, which has implications for real estate owners

The Financial Accounting Standards Board earlier this year issued a new accounting standard for the treatment of leases under Generally Accepted Accounting Principles, or GAAP. The International Accounting Standards Board did the same for International Financial Reporting Standards, or IFRS. When the change takes effect, every lease will need to be recorded on balance sheets.

Asia Pacific

GIC invests in South Korea’s industrial market

Singapore’s GIC has invested in a real estate fund that has acquired the newly-built Hyundai Logistics Distribution Centre in Incheon, South Korea, for US$130 million from LogisKoel, the developer of the asset. The real estate fund is managed by ADF Asset Management Co.

Asia Pacific

Brexit vote boosts real estate stocks in July

During July, both Asia Pacific and global property stocks were beneficiaries of the Brexit vote as investors sought out yield and safe-haven investments amid uncertainty about the vote’s impact, and ever-lower global government bond yields.

Asia Pacific

Asia Pacific most improved region for property transparency

Asia Pacific made the greatest progress globally in terms of real estate transparency during the past two years, according to JLL’s Global Real Estate Transparency Index 2016. The index measures transparency by looking at factors including data availability, governance, transaction processes, and the regulatory and legal environment.

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