市场数据仓

• 尽管由于COVID-19带来的不确定性导致亚洲股市普遍下跌，但亚太REIT仍保持弹性，在1月获得1.8%的收益回报率。随着业务和供应链中断的影响，亚洲的中央银行正在积极调整战略去应对该病毒所带来的的负面经济效应， 例如泰国银行在2月5日采取降息措施去减少病毒对经济的消极影响。
• 澳大利亚和日本上市的房地产股票和房地产投资信托基金是该地区大型市场中表现最好的股票，而印度房地产股票在中小型市场中表现最好。
• 在中国，COVID-19所带来的的经济影响最为明显。部分城市处于封锁状态，消费者被迫留在家中，许多业务链被迫中断。中国人民银行和财政部已经宣布了各种措施打响经济保卫战。在2月12日，上海，无锡，西安和南昌推出了针对开发商的扶持政策，旨在缓解其流动性压力。

 Asia Pacific REITs remained resilient despite a general downturn in Asia’s equities arising from the uncertainty brought about by COVID-19.  As broader Asia continues to feel the impact on business and supply chain disruptions, Asia’s central banks are taking the economic implications of the virus seriously; the Bank of Thailand surprised with a rate cut on February 5th.
 
Australian and Japanese listed real estate equities and REITs were top performers among large-scale markets in the region, while India real estate equities recorded the best performance among mid and smaller markets. Notably, real estate continues to be a bright spot in many of their major cities.
 
The economic implications of COVID-19 are most pronounced in China, as major cities are in lockdown, business disruption is unprecedented, and consumers are forced to stay home. The People’s Bank of China along with the Ministry of Finance have announced a variety of measures to soften the impact of the virus. In addition, on February 12th, Shanghai, Zhejiang Wuxi, Xian, and Nanchang rolled out supportive policies for developers, aiming at relieving liquidity pressure.

•在澳大利亚，融资的数量和价值已经超过了2008-09年全球金融危机后的情况。

•在过去的两年中，新加坡的交易活动量和流动性增加，而跨境活动的增加压缩了收益率。

• China real estate equities’ s total return surged to 12.9% in December supported by solid China’s official Purchasing Managers’ Index at 50.2 for December. China’s home prices saw an increase in December witnessed a 3.34 percent year on year growth, according to the China Index Academy.
• Indonesia real estate stocks were top performers among mid and smaller markets in December. In the fourth quarter of 2019, foreign direct investment into Indonesia rose 6.4% year-on-year to US$7 billion. China, Hong Kong, and Singapore were the top sources of investment.
• Hong Kong REITs recorded the best performance at 2.2% in December. China Merchants has raised US$327.2 million in a public offering in Hong Kong, breaking a six-year listing drought for REITs in Hong Kong.

• 据12月中国官方数据，在PMI指数为50.2稳定的环境下，12月中国房地产股票总收益飙升至12.9％。根据中国指数研究院（China Index Academy）的数据，12月中国的房价同比上涨了3.34％。
• 印尼房地产股票在12月的中小型市场中表现最佳。 2019年第四季度，印尼的外国直接投资同比增长6.4％，达到70亿美元。中国，香港和新加坡是最大的投资来源。
• 12月，香港房地产投资信托基金表现最好，收益率达到2.2％。招商蛇口在香港公开发行股票筹集了3.272亿美元，打破了香港房地产投资信托基金连续六年上市的瓶颈。

• 印度海得拉巴（Hyderabad）在2019年的办公楼吸收面积（占现有存量的比例）最高，同时它也是全球优质办公楼租金增长表现最佳的城市之一。
• 专注于亚太地区的基金管理人发现他们能从困境投資基金中获得最大的回报率–该策略的风险特征也比机会基金低。同时，债务和组合型基金的资金回报率的变化率最小。

• 中国大陆上市的房地产股在11月份其表现领先于其他较大的房地产市场。2019年至今的前11个月里，中国对房地产的投资增长了10.2％，其中住宅房地产投资每年增长14.4％。 （来源：国家统计局）
• 马来西亚上市的房地产股票和房地产投资信托基金在中小型市场中表现最佳。马来西亚在2020年国家预算报告中释放了房地产的两个积极信号：降低了2013年之前购置的房地产的房地产收益税（RPGT），以及降低了外国人对商业中心高层住宅物业所有权最低收购的门槛。
• 澳大利亚的房地产投资信托基金在11月份以及过去一年中都取得了最高的回报率。澳大利亚在十一月份房价上涨了1.7％，获得了2003年以来的最大涨幅。悉尼和墨尔本引领了反弹，房价分别上涨了2.7％和2.2％。

⦁2019年第三季度，全球投资者总计投资近80亿美元流入亚太地区。
⦁第三季度，亚太地区资本边境的人口在一年的周期内跃升36％，达到十年最高点。
⦁国内资本投资最近四个季度连续下降。
 

• 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.

• 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.

• 10月份，中国大陆上市房地产股表现优于大盘。其房地产市场部分受益于宽松的政策措施。此外，城市层面也对政策进行了微调，进一步放宽限制，同时一些开发商在“金九银十月”销售旺季期间提供价格折扣以促进销售。.
• 日本房地产投资信托基金继续引领大型房地产投资信托基金市场，在 10 月份和一年滚动期内均取得了最高回报率。.
• 在规模较小的房地产投资信托基金（REITs）市场中，台湾的REITs表现最佳。台湾强劲的GDP增长为房地产投资提供了积极的背景。’欢迎海外台湾企业回台投资行动计划“吸引了大量资本流入台湾。受新增供应不足的影响，台北的写字楼空置率已降至2009年以来的最低水平。.