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Straight-talking CEO of real assets management firm, ARA Asset Management (ARA), John Lim, graced the stage at the Singapore Leadership Dialogue Luncheon organized by the Asia Pacific Real Estate Association (APREA) on August 1st held at the Tower Club. Part of an ongoing series, APREA’s Leadership Dialogue Luncheons have, in the past, hosted property luminaries including former GIC Group President Lim Siong Guan and former Chairman of Ascendas, Dr Teh Kok Peng. Widely recognized as…

Straight-talking CEO of real assets management firm, ARA Asset Management (ARA), John Lim, graced the stage at the Singapore Leadership Dialogue Luncheon organized by the Asia Pacific Real Estate Association (APREA) on August 1st held at the Tower Club. Part of an ongoing series, APREA’s Leadership Dialogue Luncheons have, in the past, hosted property luminaries including former GIC Group President Lim Siong Guan and former Chairman of Ascendas, Dr Teh Kok Peng.

Widely recognized as one of the pioneers for REITs in the region, including the listing of Asia’s first cross-border REIT, John’s vision has, in just 17 years, built ARA into one of Asia Pacific’s most successful and fastest growing real assets fund management companies. Since its co-founding with Cheung Kong Holdings in 2002 – a story that has its own place in corporate folklore – ARA Group and its associates now manage some S$80 billion in gross assets with a footprint that spans over 23 countries, including 21 public and private listed REITs across the Asia Pacific. In a lively, candid session, John, who is also the Chairman of APREA, shares his management philosophy and his worldviews, dishing out nuggets of wisdom and his take on the real estate investment landscape in Singapore and the region.

Asia Pacific REITs were least impacted with relatively lower volatility in July and remain the strongest long-term performer.

Hong Kong stocks declined as fears over protests grow and the social unrest knocks investor confidence. Hong Kong listed real estate market witnessed hardest hit among other rivals. Additionally, lower mainland demand against slowing China economy have hindered commercial rentals in Hong Kong.

Japan REITs recorded the highest total returns 4.4% in July. Institutional investors piled into REIT as they consider yields of government bond continue to decline.

The Honourable Ministry of Housing and Urban Affairs (“MoHUA”) has released the draft Model Tenancy Act, 2019 (“Act”) and invited public comments on the same. APREA and its members have outlined the attached comments for the consideration of the Ministry before the finalization of the Model Act and its adoption by the State Governments. 

We would like to commend the MAS for taking proactive measures to constantly review Singapore’s REIT framework so that it remains relevant to the evolving landscape in the region as well as globally.

The Southeast Asia (SEA) region including Singapore, Indonesia and Malaysia will be the fastest growing region for co-location data centres over the next five years, with its market size expanding by a compounded annual growth rate (CAGR) of 13 per cent between 2019 and 2024.

  • Japan’ s hotel market achieved the largest domestic transaction volume in Asia-Pacific at US$1.1 billion in the first six months of 2019. Japanese REITs comprised nearly 50 percent of total transaction volume.
  • Ayala Land Inc. (ALI), a leading property developer in the Philippines, planned to raise $300M to list the first REIT in the Philippines.
  • 日本的酒店市场在2019 年的前六个月中实现了亚太地区最大的国内交易量11 亿美元。日本房地产投资信托占总交易量的近50%。
  • 菲律宾领先的房地产开发商Ayala Land Inc. Inc.(ALIALI)计划筹集3 亿美元将成为菲律宾第一家上市的房地产投资信托基金。
  • 社会动荡的局势加剧了投资者对香港抗议活动的担忧, 导致投资者的信心被削弱,从而引发港股下跌。香港 的上市房地产市场与其他地区相比,收益率下降最多。 与此同时,中国经济的放缓与内地需求的下降是其他 导致市场表现不佳的原因。
  • 日本房地产投资信托基金7月份的总回报率最高,为 4.4%。机构投资者不断地涌入日本房地产投资信托 基金市场,因为他们认为房地产投资信托基金是政 府债券收益率暴跌的最优备选投资资产之一。

APREA members met with the Secretary, Department of Economic Affairs, Ministry of Finance, Government of India to make a representation on taxation of REITs submission.

  • 新加坡上市的房地产投资信托基金(REITs)在截至6月份的12个月中表现最优,为投资者带来了25.3%的回报率。新加坡有利的政策环境和积极的投资群体为REITs的蓬勃发展营造了良好的环境。
  • 对不同物业类型来说,多元化物业的房地产投资信托基金表现最佳。在截至6月的12个月中,办公是另一个表现强劲的物业类别。办公仍是热门的物业类型,其需求一直强劲并且大部分主要城市的租金都在上涨。