Identifying, Monitoring, Understanding, and Analysing
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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.
Tokyo remains one of the largest data center markets in the world, with an economy deeply rooted in finance, technology, and other sectors requiring heavy compute capacity. After a relatively slower end to 2018, Equinix, Colt, and the Mitsubishi and Digital Realty partnership all launched new projects in greater Tokyo with completions expected throughout 2020 and 2021.
Japan real estate continued to outperform all countries in Asia Pacific, against a backdrop of strong property fundamentals. New Zealand also remains on the investor radar, with its property markets showing promising signs of growth.
J-REITs and Thailand REITs were top performers in September and also on a trailing one-year basis. The J- REIT market will remain well supported, with the Bank of Japan buying J-REIT shares as part of its stimulus plan.
Singapore REITs have also been on the spotlight for their offshore expansion, buying a record US$2.7 billion of assets this year to date, thus making "them" the largest cross border spenders among REITs globally.