[SINGAPORE] The real estate investment trust, or Reit, market in Asia is “finally recovering” on the back of lower interest rates, higher investor demand and a surge in new listings.
Speaking to the media on Thursday (Oct 9), Sigrid Zialcita, chief executive officer of the Asia Pacific Real Assets Association (Aprea), said that while regional Reits saw a regression in their performance last year, there has been “positive momentum across the board” this year.
The GPR/Aprea Reit Composite Index, which tracks real estate securities in 12 Asia-Pacific countries and territories, has posted a 15.8 per cent return year to date. In comparison, US Reits have lagged most of the region’s with a modest 4.6 per cent return.