Market Data Vault

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.

• 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。

• 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。

The GPR/APREA AsiaPac Performance Snapshot tracks the dynamics of listed real estate securities (including REITs) across 12 AsiaPac countries/regions and eight sectors, over multiple time horizons. 

All data in this Snapshot is calculated on a USD denominated basis. The GPR/APREA series is separately available in a country local currency format.

The GPR/APREA AsiaPac Performance Snapshot tracks the dynamics of listed real estate securities (including REITs) across 12 AsiaPac countries/regions and eight sectors, over multiple time horizons. 

All data in this Snapshot is calculated on a USD denominated basis. The GPR/APREA series is separately available in a country local currency format.

• REITs were the top-performing asset class in December and over a one-year, five-year and 10-year horizon.
• Malaysia (1.4% total return) was the top performing listed real estate market.

马来西亚计划发展世界上首个机场房地产投资信托基金（REIT），机场REITs将推动马来西亚REIT市场的发展。
第一季度亚太投资量减少主要是由国内资本的减少而引起的。

• Singapore-listed REITs capped a stellar 12 months through June to give investors the highest returns 25.3% in the region. The REIT sector in Singapore has grown to be one of the world’s most dynamic, no doubt a product of conducive policies as well as the presence of a vibrant investment community.
• By sector, REITs with diversified portfolios performed the best. Office was another strong performer over the 12 months through June, which is not a surprise given that this sector has been on fire across all markets in the region. Demand has been strong, and rents are going up across most major cities.

• 在低利率环境的帮助下，Embassy Office Parks REIT 上涨了2121％，表现优于其他房地产投资信托基金。
• 日本资本外流增加，主要目标是上海和堪培拉的办公楼以及首尔的酒店。

• 澳大利亚在截至4月的过去12个月中表现最佳（年回报率20.3％）。
• Baker McKenzie提议“推动G-REIT发展”以支持粤港澳大湾区的发展。

第一个印度REIT—Embassy Office Parks REIT获得上市。APREA帮助印度证券交易委员会(SEBI)在宣布法规之前与投资者提前建立联系，并帮助投资者进行相关投资活动，这有助于推动印度房地产投资信托基金在国际市场的发展。