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The Greater Pearl River Delta(GPRD) serves as the economic engine as Southern China, which holds a critical position in the national economy.

Japan’s real GDP grew only 0.7% with a lack of vigor in private consumption in 2015. While housing starts have recovered, the number of new condominium units sold are decreasing and the average price has been rising in the Tokyo metropolitan area. In “Kouji Chika” the average national land price appreciated y-o-y for the first time in eight years and the ratio of appreciating monitoring sites continuously increased.

The total return on ungeared direct property investments was 8.7% in the year to end January 2016.