Economic news from the Asia Pacific region has been generally positive and the massive macro-economic maneuvers in the two largest economies, China and Japan, are driving cautious optimism.
Further good news was also released regarding real estate performance. The ANREV annual index
for 2013 was just released, the latest edition of which drew from a record 91 funds from across Asia Pacific with a GAV of well over USD 80 billion.
The total return of the all-funds index was a strong 9.2%, the second best annual performance since the pre GFC boom in 2007. This performance outstripped the INREV total return performance for Europe for 2013 of 3.5% although falling well short of the strong outperformance of U.S. real estate funds of over 13% last year as measured by NCREIF. Initiatives to improve transparency of performance are gaining good traction across the region.That, along with the attractive realized returns, is drawing increased investor interest.
Source : CBRE Global Investors