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
Several wealth management companies have been shortlisted in the second annual Australian AI Awards program, which champions individuals and organisations pioneering Australian AI innovation.
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
