Overview of Asia Reits Market

According to the statistics of Dade Liangxing, as of December 31, 2023, a total of 225 active REITs products in the Asian market, with a total market value of 252.1 million US dollars, a decrease of 7%year -on -year.Japan, Singapore and India Hong Kong, as a mature market introduced in the early days, still dominate the Asian market. The market value is among the top three, accounting for over 80 % of the Asian market size.At the same time, the emerging Asian emerging REITs markets in Mainland India, India, Thailand, and other Asian REITs are also constantly developing, injected new vitality into the Asian REITs market.Asian REITs were originally concentrated in the traditional commercial real estate fields such as shopping malls and office buildings. With the continuous innovation and diversification of the market, the REITS market has gradually involved in many fields such as apartment Jiasu, industrial real estate, medical real estate, and data centers to meet investors to meet investorsIncreasing demand.

In 2023, due to the multiple influences of global tightening monetary policy, geopolitical conflict, and weak economic growth, the stock price of the secondary market in Asia’s REITs generally fell, REITs’s issuance of the issuance of REITs has decreased.Although the Indian Mainland public offering REITS is still active, a total of 5 new products have entered the market.Against this background, industrial/logistics and apartment accommodation REITs continued to be favored due to good anti -risk, and achieved good performance in 2023.In contrast, office REITs are still poorly influenced by the economic environment and office methods, and their performance is still poor.As of March 2024, the Federal Reserve has reiterated that it is expected to cut interest rates three times this year, and Japan has ended for 8 years for a negative interest rate, and at the same time announced the abandonment of the returns curve control (YCC) policy.Reviewing the post -epidemic period, the REITS market performance was significantly influenced by the policies of governments and central banks. In the future, the changes in interest rate policies of various economies in the world should have a complex impact on the REITS market.

As of December 31, 2023, there were 225 active REITs products in the Asian market, an increase of 5 over 2022.During this period, 9 new products were listed in Mainland, India, South Korea and the Philippines, and 3 REITs in the Japanese market decreased due to the reduction of mergers.In addition, Thailand and India and Taiwan have been retreated.The new REITS products are mainly invested in the fields of office, retail, logistics and infrastructure.

After Embassy Offlce Parks became the first IPO Trust Fund in India in 2019, in 2023, NEXUSSELECT TRUST, a subsidiary of Blackstone, also became the first retail real estate investment trust fund in India.Its investment portfolio covers 17 cities in 14 cities, as well as two hotel assets and three office assets.Fund management agencies such as Blackstone, as the main body, have a significance for the development of public offering of REITs in Mainland India.

The Japanese market continues the development trend of the Singapore market. In the context of the continued unstable in the Japanese REITs market, Moritrust absorbed Mori Trust Hotel in March 2023Kolkata Investment. In November of the same year, the KEDIX Residential, KEEDIXRETALL, and K of Japan’s real estate management company Kenedix were ENEDIXThe three REITS wells are KENEDLXREIT.This time, the merger of the Japanese market stealing a single assets into a REITs with a single assets into a comprehensive asset type. The main reason is that the manager’s fluctuations in the Japanese office market and the long -term interest rate of the long -term interest rates caused by the future monetary policy changes in Japan.

In the context of poor performance in the office market, the South Korean REITs market has added two new REITs, which are mainly office assets, namely Hanhua REIT and Samsung FnReit.At the same time, in order to cope with the stagnation of the real estate market caused by high interest and the uncertainty of domestic and foreign markets, South Korea revised the "Real Estate Investment Company Law" twice in 2023.In addition, the relevant bills were revised in January 2024, allowing industrial parks and factory buildings to circulate through real estate trust funds. This new regulations will be implemented in JulyLucknow Investment. It aims to enrich the REITS market and provide investors with a variety of choices.It also shows the positive attitude of South Korea in responding to the challenge of the real estate market.

At the end of 2023, the total market value of the Asian REITs market was US $ 252.1 billion, a 7%decrease in the end of 2022.Among them, the market size of Singapore, India, Malaysia, South Korea and the Philippines has risen, and the market value of other Asia has reduced a certain extent.The largest increase in market value is the Indian market, a year -on -year increase of 31%; the market with the largest compression market value is the Indian Taiwan market, a year -on -year decrease of 28%. The change is mainly affected by the market entry and delisting activities of REITS products.The market value of market value in Hong Kong and Japan’s market value of market value is -13%and -9%, respectively, respectively, respectively from the end of 2022 to 9%and -7%of the exchange rates of the US dollar.Affected by the exchange rate of Japan; in 2023, the Singapore market performed well, with a market value of 4%, which is the only market in the top three markets rising.

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Simla Wealth Management