Knowledge Hub

 

• 尽管由于COVID-19带来的不确定性导致亚洲股市普遍下跌，但亚太REIT仍保持弹性，在1月获得1.8%的收益回报率。随着业务和供应链中断的影响，亚洲的中央银行正在积极调整战略去应对该病毒所带来的的负面经济效应， 例如泰国银行在2月5日采取降息措施去减少病毒对经济的消极影响。
• 澳大利亚和日本上市的房地产股票和房地产投资信托基金是该地区大型市场中表现最好的股票，而印度房地产股票在中小型市场中表现最好。
• 在中国，COVID-19所带来的的经济影响最为明显。部分城市处于封锁状态，消费者被迫留在家中，许多业务链被迫中断。中国人民银行和财政部已经宣布了各种措施打响经济保卫战。在2月12日，上海，无锡，西安和南昌推出了针对开发商的扶持政策，旨在缓解其流动性压力。

 

Download the Report Read More

 Asia Pacific REITs remained resilient despite a general downturn in Asia’s equities arising from the uncertainty brought about by COVID-19.  As broader Asia continues to feel the impact on business and supply chain disruptions, Asia's central banks are taking the economic implications of the virus seriously; the Bank of Thailand surprised with a rate cut on February 5th.
 
Australian and Japanese listed real estate equities and REITs were top performers among large-scale markets in the region, while India real estate equities recorded the best performance among mid and smaller markets. Notably, real estate continues to be a bright spot in many of their major cities.
 
The economic implications of COVID-19 are most pronounced in China, as major cities are in lockdown, business disruption is unprecedented, and consumers are forced to stay home. The People’s Bank of China along with the Ministry of Finance have announced a variety of measures to soften the impact of the virus. In addition, on February 12th, Shanghai, Zhejiang Wuxi, Xian, and Nanchang rolled out supportive policies for developers, aiming at relieving liquidity pressure.

Download the Report Read More

Download the Report Read More

• From the fall of 2016, moderate expansion of Japan’s economy has continued. However, since 2018, the economy has turned to a stagnant trend and as of November 2018 it is in the midst of a moderate slowdown.
• Signs indicating a turnaround in the for-sale/transaction market for real estate in Japan, for example the decline in the contract rate of for-sale real estate and the bottoming out of transaction yields, are increasing. It appears that the market has already peaked out.

 

Download the Report Read More