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  • 印度海得拉巴(Hyderabad)在2019年的办公楼吸收面积(占现有存量的比例)最高,同时它也是全球优质办公楼租金增长表现最佳的城市之一。
  • 专注于亚太地区的基金管理人发现他们能从困境投資基金中获得最大的回报率–该策略的风险特征也比机会基金低。同时,债务和组合型基金的资金回报率的变化率最小。

The EY Global Private Equity Divestment Study focuses on how PE should approach their exit strategies in a resilient yet volatile marketplace. The 2019 report is based on 100 interviews with global private equity executives. The survey was conducted between September and November 2018 by Acuris.

In the past 12 months, we have seen…

The EY Global Private Equity Divestment Study focuses on how PE should approach their exit strategies in a resilient yet volatile marketplace. The 2019 report is based on 100 interviews with global private equity executives. The survey was conducted between September and November 2018 by Acuris.

In the past 12 months, we have seen attractive valuations and competition for assets as private equity (PE) firms divest portfolio companies. After an extended period of elevated dealmaking, PE exits leveled off in 2018. However, by historical standards, exit activity remains high and many firms anticipate this strong pace to continue in 2019.

  • 中国大陆上市的房地产股在11月份其表现领先于其他较大的房地产市场。2019年至今的前11个月里,中国对房地产的投资增长了10.2%,其中住宅房地产投资每年增长14.4%。 (来源:国家统计局)
  • 马来西亚上市的房地产股票和房地产投资信托基金在中小型市场中表现最佳。马来西亚在2020年国家预算报告中释放了房地产的两个积极信号:降低了2013年之前购置的房地产的房地产收益税(RPGT),以及降低了外国人对商业中心高层住宅物业所有权最低收购的门槛。
  • 澳大利亚的房地产投资信托基金在11月份以及过去一年中都取得了最高的回报率。澳大利亚在十一月份房价上涨了1.7%,获得了2003年以来的最大涨幅。悉尼和墨尔本引领了反弹,房价分别上涨了2.7%和2.2%。

⦁    在2019年第三季度,全球投资者共计投资近80亿美元流入亚太地区。
⦁    在第三季度,亚太地区跨境资本的百分比在一年的时间内跃升至36%达到十年最高点。
⦁    国内资本投资最近四个季度连续下降。
 

  • 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.

  • Mainland China listed real estate stocks led the larger property markets in November. Chinese investment into real estate grew 10.2% in the first 11 months, with residential property investment increasing 14.4% annually. (Source: China National Bureau of Statistics)
  • Malaysia’s listed real estate equities and REITs were top performers among mid and smaller markets. Malaysia’s budget for 2020 tabled in October pointed to two positive signs for real estate: the reduction of the Real Property Gains Tax (RPGT) for property acquired before 2013 and the depletion of foreigners’ minimum acquisition value threshold for primary high-rise residential property ownership.
  • Mainland China listed real estate stocks led the larger property markets in November. Chinese investment into real estate grew 10.2% in the first 11 months, with residential property investment increasing 14.4% annually. (Source: China National Bureau of Statistics)
  • Malaysia’s listed real estate equities and REITs were top performers among mid and smaller markets. Malaysia’s budget for 2020 tabled in October pointed to two positive signs for real estate: the reduction of the Real Property Gains Tax (RPGT) for property acquired before 2013 and the depletion of foreigners’ minimum acquisition value threshold for primary high-rise residential property ownership.
  • Australia’ s REITs recorded the strongest regional performance in November and on a one-year rolling basis. Notably, the residential property market has emerged from its correction. Home prices were up1.7% in November, the largest gain since 2003. Sydney and Melbourne led the rebound, with home prices rising 2.7% and 2.2%, respectively.

Conditions deteriorate amid more pessimistic outlook for global growth.

Respondents to the Asia Pacific Commercial Property Monitor indicated that conditions deteriorated significantly during Q3 of 2019…

Conditions deteriorate amid more pessimistic outlook for global growth.

Respondents to the Asia Pacific Commercial Property Monitor indicated that conditions deteriorated significantly during Q3 of 2019.

  • Uncertainty surrounding global economy dampens the outlook for commercial property  
  • Hong Kong sees sharp contraction in demand following months of political unrest
  • Demand increasing at a slower pace than supply in a majority of markets
  • Real estate cycle moves closer to the downturn phase
  • Forward-looking indicators are still consistent with a ‘soft landing’
  • European markets continue to display most resilient trend with more mixed signals across APAC
  • Mainland China listed real estate stocks outperformed the broader market in October. Its property market partly benefited from looser policy actions. Additionally, there were some fine-tuning of policies towards easing at the city level while some developers offered price discounts to move sales during “Golden September, Silver October” peak season.
  • J-REITs continued to lead the larger REIT markets, posting the highest returns in October and on a one-year rolling basis.
  • Taiwan’ s REITs were top performers among smaller REIT markets. Taiwan’s strong GDP upturn provided a positive backdrop for real estate investments. The “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” attracted capital investments into Taiwan. Taipei’s office vacancy rate is at its lowest level since 2009, helped by the paucity of new supply.
  • 中国大陆上市的房地产股票在十月份跑赢大盘,其房地产市 场部分得益于宽松的政策。此外,一些城市采取了因地制宜 的调控政策措施,同时一些开发商在“金九,银十”旺季期间 提供价格折扣以推动销售。
  • 日本REITs继续领先于较大市值的REIT市场,在10月份以及 过去一年中都取得了最高的回报率。
  • 台湾的REITs在市值相对较小的REIT市场中表现最佳。台湾 强劲的GDP增长为房地产投资提供了积极的大环境。 “欢迎 海外台湾企业重返台湾行动计划”吸引了资本投资台湾地区。 由于缺乏新的供应,台北的办公室空置率处于2009年以来的 最低水平。