By Patrick Ma, Director of Listed Products, Admiral Investments Feb 6, 2024 – Following a rally in the fourth quarter of 2023, the capital markets had a subdued start to 2024. US economic data indicated a potential soft landing, with fourth quarter 2023 real GDP growth hitting 3.3% compared to the consensus estimate of 2%, […]
Global REITs Down 4.5%, Asia Pacific Down 3.9% In January Read More »
By Patrick Ma, Director of Listed Products, Admiral Investments. Jan 3, 2024- Capital markets continued to ride on the prospect of lower US interest rates in December. Global equity markets rose 5.4%, while Asia Pacific equities climbed 5.0%. The US Fed maintained its policy rates at 5.2%-5.25% following its December FOMC meeting but indicated at least
Australian REITs Shine in 2023, Singapore Was Second-Best Performing In Asia Pacific Read More »
November 26, 2023 – The Asia Pacific real estate market outlook is stabilising, with the prospects of recovery starting in 2024. However, leasing fundamentals and capital market conditions will remain highly diverse across the region, according to a report by PGIM Real Estate.
PGIM Expects Asia Pacific Real Estate Market Recovery in 2024 Read More »
Nov 9, 2023 – Lippo Malls Indonesia Retail Trust reported a net property income of S$30.6 million for the third quarter ended September 30, 2023, compared to S$32.8 million in the same period a year ago. Rental revenue dipped 6.2% to S$28.1 million whilst gross revenue slipped 3.8% to S$49.8 million, largely due to the 5.8% year-on-year depreciation of IDR
Lippo Mall Indonesia Trust Q3 Net Property Income Down 6.6% to S$30.6 Million Read More »
By Patrick Ma, Director, Listed Products and Research, Admiral Investments Nov 7, 2023 – The theme of a “higher for longer” interest rate outlook remained dominant in October for the global capital markets, especially following the release of the September FOMC meeting minutes that suggested higher interest rates might be necessary to cap inflation at
Global REITs Down 5% in Oct, Underperforming Equities; Japan REITs Showed Resilience Read More »
Nov 5, 2023 – Japan’s office take-up momentum slowed, with the weighted average occupancy rate for 35 buildings falling five percentage points to 61% from levels in a previous survey six months ago. According to the Nikkei Real Estate Market Report, the slowing momentum is due to a large supply of offices that has flooded
Japan’s Office Take-up Rate Slows On Supply, Remote Work Read More »
Oct 21 – Savills Research forecasts Singapore office rents softening in 2024 due to the record levels of CBD and non-CBD building completions. In 2024, arising from the economic and political flareups, and because of the spike in CBD (Central Boulevard and Keppel South Central) and non-CBD supply (Labrador Tower and Paya Lebar Green), the
Oct 4, 2023 – Remote work appeared to have taken root in Japan post-Covid-19, with the office attendance rate registering around 70% and showing no signs of ticking up. the Nikkei Real Estate Market Report said. According to Sanko Estate, the vacancy rate for class-A buildings in central Tokyo in the first quarter of 2023
Japan Office Market Outlook Is Uncertain As Remote Work Takes Root Read More »
August 300, 2023 – Office values could creep even lower as landlords absorb steeper debt costs and higher investment yields, say leading fund managers after writedowns wiped more than A$6 billion from the portfolios of Australia’s real estate investment trusts over the 2023 financial year, according to the AFR. But the $140 billion A-REITs sector
Offices On The Nose As Australian REITs Take A$6b Hit (AFR) Read More »
August 14, 2023 – Manulife US Real Estate Investment Trust (MUST) reported a gross revenue of US$99.6 million for the half year ended June 30, 2023, which was 0.8% lower year-on-year from 1H 2022, its manager said in a statement Net property income dipped 3.9% to US$55.4 million, while distributable income decreased 17.4% to US$37.9 million. This was
Manulife US REIT 1H Net Property Income Down 3.9%, Distributions Halted Read More »