Asian property bucks global downturn
Asian property fundamentals continue to attract investors despite the global property slowdown, according to nabCapital and the Asian Public Real Estate Association (APREA).
Speaking at an Asian investment opportunities seminar sponsored by nabCapital, APREA chief executive Peter Mitchell said the emerging Asian real estate investment trust (REIT) market provided an easy and cost effective means of accessing these markets.
NabCapital director of property institutional sales Hamish Roth said investors across the globe continue to be attracted to real estate as an asset class.
“The cyclical slowdown has been largely anticipated, especially in the US and UK, and medium and longer-term prospects remain attractive,” Roth said.
“In Asia, real estate markets are in a phase of rapid development and the resulting increases in liquidity and transparency offer new opportunities for investors.”
According to Mitchell, in certain Asian markets such as Hong Kong and Singapore, REITs are beginning to mature as an asset class.
“As an investment instrument, REITs generally offer the longer term investor steady dividend yields, a high level of management transparency and the potential of the underlying assets.”
Recommended for you
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
Vanguard has announced a strategic alliance with two US alternative asset managers to develop multi-asset solutions for financial advisers which combine public and private markets.
Clime Investment Management has enacted a range of growth initiatives to boost the firm’s reach with wholesale investors and a new approach targeting the retail market.
Generation Development Group, parent of Generation Life, has entered the ASX 200, having grown its funds under management to almost $4 billion.
