亚太地区房地产的制胜战略

在亚太不动产协会（APREA）主办的一次活动上，房地产和金融业的高层管理人员齐聚新加坡，共同探讨本地区房地产业未来的机遇和挑战。.

该活动由 APREA、SS&C 和 Intralinks 联合举办，其主题为 “APREA"。“在实物资产新常态下加速技术发展,”直播活动涵盖了从房地产数据到 ESG（环境、社会和治理）目标等一系列改变行业的问题。.

ある調査会社によると、今年上半期におけるある調査会社によると、今年上半期におけるオーストラリアへの不動産投資は対前年比で倍増となり、コロナ対策を着実に行い一定の成果を示し続けているオーストラリアに対する投資家の注目度は高い。こうした状況を踏まえ、このほどAPREA はオーストラリア不動産市場の現状や税務に関するWebinar を開催した。今回は市場概要をお届けする。

コロナ対策に一定の成果コロナ対策に一定の成果経済回復は早期に実現

メルボルンでのロックダウン期間は長かったもメルボルンでのロックダウン期間は長かったものの、オーストラリア政府はコロナウィルス対策を効果的に行い封じ込めに成功したと言えるであろう。オーストラリアの感染人数は約3万人、総人口のたった0.12％に過ぎない。政府は景気刺激策に2000 億ドル超を投入、事業主に対しては雇用継続向けに900 億ドル超の賃金支援を行った。ただ、シドニーは変異株の流行により先週から２週間のロックダウンが行われている。ワクチン接種率はほかの先進国よりはやや遅れておりまだ人口の1/4 程度だが、今後は順調に接種が進む予定である。

金利引き下げ策および量的緩和策の実行金利引き下げ策および量的緩和策の実行により国債利回りは低いため、不動産利回り同様魅力的なスプレッドとなっている。政策金利は0.1％で、コアの負債コストは140～190bp の範囲に収まると予想している。コロナウィルス感染拡大は28 年ぶりのリセッションをもたらし、2020 年第２四半期のGDP は７％の落ち込みを示したが、回復は早く2021 年３月の数字は1.1％と、パンデミック以前のレベルまで持ち直1.1％と、パンデミック以前のレベルまで持ち直し2022 年は3.5％、2023 年は３％と予測されている。

前回のリセッションと比べ失業率は急激に悪化したもの、回復も早く2021 年3月は5.1％まで回復しており、政府の支援策が功を奏したとのようにも見える。

With the need for quality and cost-effective manufacturing becoming even more necessary due, to the disruption and economic implications of COVID-19, and global corporations looking to diversify their manufacturing bases and de-risk their supply chain, India has spotted an opportunity to capitalize on this strategic shift.

India has been active on the policy front and is paving the way to become the world’s most preferred manufacturing hub. The Production Linked Incentive (PLI) scheme is the cornerstone of the Indian government’s masterplan to boost domestic manufacturing and make it globally competitive. Introduced in April 2020, the scheme has set in motion aseries of game-changing reforms that will attract global manufacturing majors with a focus on sectors such as mobilephones, electronics, pharmaceuticals, food processing, IT, battery storage, automobile components and specialty steel.The core objective is to signal a turning point for Indian Industry and gain a global presence while boosting economicgrowth through job creation.

A measure of the government’s seriousness and the scale at which it is pushing the scheme is its outlay: Rs 1.97 lakhcrore, or $26 billion, across 13 key sectors. The highlights are:

● Linking incentives to output: Incentives will be based on the overall rate of growth in that industry. Beneficiarieswill have to consider additional investments in greenfield facilities or even to carry out facility expansions toachieve this increment. All of this will reduce imports too

● Results matter: Incentives will be disbursed only after production has taken place in the country. This will boostexisting capacities in domestic manufacturing for sunrise and strategic sectors, and make domestic manufacturing globally competitive

● Creating ‘champions’ to maximize impact: The focus is on size and scale for the selected industry players todeliver volumes. This will make it exceedingly effective and can make the beneficiaries globally competitive

2021 年上半年，流入印度房地产的私募股权（PE）资金达到 29 亿美元，比 2020 年上半年增长了两倍多。未来三年，随着全球私募股权基金与当地开发商之间形成更多的投资平台，我们预计将有更多的资金投入到 "按核心建造 "的综合体、办公楼和物流资产中。我们预计，2021 年私募股权基金的资金流入总额将达到 50 亿美元。.

高力国际研究公司（Colliers Research）最新快报中的一些要点包括 ‘关注另类资产类别，为投资注入动力’ 是

• 投资者继续寻找土地或处于在建阶段的资产，因为他们希望为将来的房地产投资信托基金上市建立自己的投资组合。在写字楼投资总额中，约有 86% 投资于土地或在建项目。.
• 2021 年上半年，零售资产投资占总投资的 29%，原因是投资者对稳定的零售资产以及与特定开发商合作的地面开发项目的投资偏好保持不变。.
• 电子商务公司对物流空间的需求增加，反过来又引起了机构投资者的持续关注，2021 年上半年，机构投资者的资金流入量约为 7.75 亿美元。.

In this edition of The Reimagined Workplace Q&A series, we collaborate with Patrick McCreery, Global Head of Commercial and GM for Southeast Asia at Keppel Data Centres, to focus on disaster recovery – also known as business continuity planning – and discuss how the work ‘place’, ‘space’ and ‘pace’ are evolving within the data centres sector, as well as the opportunities for both occupiers and asset owners, going forward.

Q&A Highlights:

• How has occupier demand for disaster recovery changed in the past 12 months?
• How is cloud adoption transforming occupiers and why are operators following suit?
• What are the long-term outlook for disaster recovery and demand, and the opportunities in this space?
• How do data centres support business continuity planning and the disaster recovery business?

The Asia Pacific office demand declined from 103 million sf in 2019 to 53 million sf in 2020 as occupiers sought to limit cost exposures during the COVID-19 pandemic.
In line with this decline in demand, vacancy has increased, and rents have softened across most markets, pushing them towards greater tenant-friendly status and providing occupiers with a window of opportunity in negotiating any forthcoming lease commitments.

However, corporate occupiers need to be aware that these changes may not bring the cost savings that they might expect – some markets may see tenants having to pay more on a new lease than they were paying on the last year of an expiring lease.

In our Asia Pacific Office Rental Variability Index we take a closer look at:

• The current state of play in 36 key office cities across Asia Pacific
• The extent of, and variability in, rental change over the duration of average lease terms at the city level
• Strategies that occupiers might wish to explore to help navigate the impacts of this rent variability

The COVID-19 pandemic caused a high degree of uncertainty across the Queensland economy and the commercial property market. However, the Industrial and Logistics sector (I&L) has been the clear winner particularly as e-commerce penetration accelerated over the past 18 months and is one of the key drivers of demand for floorspace. Investors have responded by seeking to increase their exposure to the sector, and now investment sale volumes in Queensland was the highest on record in 2020.

This report will detail some the key trends driving the Brisbane industrial and logistics market, and provides greater insights on the supply and take-up of industrial land.

• Commercial real estate investment momentum accelerated in Q2 2021 as the economy continued to pick up along with the commencement of the city’s vaccination programme.
• Property funds collectively deployed HK$5.4 billion, 21% of the quarter’s total, with all acquisitions involving industrial assets.
• Hong Kong’s economic recovery, improved prospects of a border reopening with mainland China, and low financing costs will ensure the investment market remains upbeat in H2 2021.

管理气候和环境、社会和公司治理投资组合风险的大多数努力都涉及减持对这些风险有负面影响的股票，而增持对这些风险有正面影响的股票。专业管理的 ETF 和共同基金一直是投资者根据其目标调整风险敞口的自然起点，但指数衍生品可以发挥关键作用，因为指数衍生品是全球最大的市场之一，在金融体系以及管理和转移风险方面发挥着重要作用。我们研究了衍生工具的潜力，以帮助市场参与者寻求有效地将风险敞口与其目标保持一致，同时促进透明度、价格发现和市场效率。.