Get the latest information on direct and indirect real estate transactions in Asia Pacific with our quarterly Capital Tracker. Compare the themes in both the private and public markets, as well as an overview of the key changes economic throughout the quarter.
We expect activities to be similarly subdued in 2Q2020 before recovering in the second half
Markets with stronger domestic liquidity likely to be least affected
Appetite to invest still strong due to dry powder that needs to be deployed
Risks are lower than 2008 global financial crisis period
Office yields and supply are supportive of resilient capital values
REITs’ ability to compete for assets now dented as implied caprates expand significantly
We expect a recession in most countries in 2020, with a strong rebound in 2021
Office rents fell 0.3% in 1Q2020 in AP, caprates are stable
Interest rate shifts are impacting the lending environment.