APREA Member REIT Reports

Hyderabad recorded the highest office net absorption in 2019 (as a proportion of existing stock), while it is also among the world’s best-performing cities for prime office rental growth.
APAC-focused managers are finding the largest returns in distressed opportunities – with the strategy also exhibiting a lower risk profile than opportunistic funds (the most capitalized strategy). Meanwhile, debt and fund of funds vehicles have exhibited the lowest variation in returns.

In the third quarter of 2019, almost $8 billion from global investors flowed into the region.
In Q3, the percentage of cross-border capital in Asia Pacific jumped to a decade-high of 36% over a one-year horizon.
However, the declines in domestic investment activity have been taking place for the last four quarters.

Asia Pacific retail rental for prime shopping centres remained stable in the third quarter of this year. The Asia Pacific Retail Rental Index has seen 0.1% growth in the previous quarter.
Asia Pacific residential markets were in a mixed trend. Manila saw the highest quarterly price growth in the third quarter this year and last year as well.
Bengaluru-based real estate firm Embassy Property Developments plans to sell as much as Rs 6,500 crore to Embassy Office Parks REIT as India’s first listed real estate investment trust.

In Q2, the proportion of cross-border capital in Asia Pacific dropped to 30% from 41% in the first quarter of 2019. The major driver behind this was a slowing from U.S. and European players.
Singaporean investors became the largest Asian investor group in the region, followed by China.
With improving fundamentals, Thailand’s property market will continue its growth trajectory but accompanied by challenges like new mortgage regulations and slowdown in growth of international arrivals.

As the world‘s largest repository for storing and processing data, Singapore becomes a globally popular data centre investment hub. Singapore data centre REIT provided attractive returns up to 51 per cent returns by Keppel DC Reit to the investor.
The long-awaited first Philippine REITs is imminent to be listed by year ends as the government has agreed to relax the law’s restrictive rules in a decade after the law was passed by Congress in 2009.