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The report comprises 4 sections covering
1. Market Conditions and Outlook
2. The Negotiation Process
3. Hot Topics for The Sector
4. Tenant Insights
Respondents spanned both sides of the market…
The report comprises 4 sections covering
1. Market Conditions and Outlook
2. The Negotiation Process
3. Hot Topics for The Sector
4. Tenant Insights
Respondents spanned both sides of the market, with Cushman & Wakefield surveying tenant representatives and landlords active in Australia’s Eastern seaboard office markets of Sydney, Melbourne and Brisbane.
SURVEY METRICS
In total there were 103 respondents, of whom 35 were tenant representatives and 68 were landlords. Respondents were active in the Sydney (43%) and Melbourne (36%) markets, with a smaller proportion active in Brisbane (21%).
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.
Kemmu Kawai joined Longevity Partners Japan in September 2022 as the Country Director. Based in Tokyo, he oversees all operations and activities in Japan, the Asia-Pacific region and beyond. He brings him more than 16 years of experience in finance where he specialised in real estate and credit investments. Before joining Longevity Partners, he served as a Portfolio Manager at Norinchukin Bank and as Investment Manager at Center Point Development.
Kemmu Kawai
Managing Director
Longevity Partners
