- 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.