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Asian REITs – Monthly Update by Sigrid Zialcita in the Property Chronicle – January 2021
Conducive global developments placed financial markets on a risk-on mode in the final month of 2020. The prospect of widely available coronavirus vaccines, the US bipartisan agreement on fiscal stimulus, and the EU-UK post-Brexit trade agreement’s conclusion provided the necessary fillip to sentiment, sustaining momentum for real estate stocks to conclude on a positive note.
However, for the whole of 2020, real estate stocks continued to lag the wider equity markets, which have been supported by tech and pharma counters. Property cycles will eventually chart the sector’s own way out of the crisis, which although historically it lags an economic recovery, will be longer-lived, sustained by the region’s enduring structural fundamentals.
2020 APREA China REITs Handbook
On 30th April 2020, The National Development and Reform Commission and The Securities Regulatory Commission jointly released the “Regulations regarding the Launch of China Infrastructure Real Estate Investment Trust (REITs)”. This announcement marks the beginning of C-REITs in the Chinese market.
Asia Pacific Real Estate Association (APREA) has been actively supporting the launch of REITs in China. APREA offers views and experience from International REITs markets to help craft a unique China REIT regulatory framework. In addition, APREA has been promoting REITs knowledge globally to increase awareness of REITs potential.
With this regard, APREA has invited key players in the REITs industry to share their thoughts on C-REITs potential. The China REITs Handbook” is an educational manual on China’s REITs, to allow the public, industry personnel and investors to better understand China’s REITs. Asia Pacific Real Estate Association together with King & Wood Mallesons (China), KPMG (China), Cushman & Wakefield (China), and Guanghua School of Management, Peking University have jointly produced this manual.
On 30th April 2020, The National Development and Reform Commission and The Securities Regulatory Commission jointly released the “Regulations regarding the Launch of China Infrastructure Real Estate Investment Trust (REITs)”. This announcement marks the beginning of C-REITs in the Chinese market.
Asia Pacific Real Estate Association (APREA) has been actively supporting the launch of REITs in China. APREA offers views and experience from International REITs markets to help craft a unique China REIT regulatory framework. In addition, APREA has been promoting REITs knowledge globally to increase awareness of REITs potential.
With this regard, APREA has invited key players in the REITs industry to share their thoughts on C-REITs potential. The China REITs Handbook” is an educational manual on China’s REITs, to allow the public, industry personnel and investors to better understand China’s REITs. Asia Pacific Real Estate Association together with King & Wood Mallesons (China), KPMG (China), Cushman & Wakefield (China), and Guanghua School of Management, Peking University have jointly produced this manual.
On 11th November, APREA will be conducting an online Webinar for our global audience. All authors who contributed to the publication will be featured at the event to share more in-depth content with the audience. In addition, APREA has invited some REIT professionals to join the panel discussions to understand their views on the prospects of REITs in the Chinese market.
Join us today to learn more about Real Estate Investment Trust (REITs) in China!
To obtain the latest English publication, please kindly contact:
Allan Zhang Wenliang
APREA China Chapter
Email：allan.zhang@beta.aprea.asia
Phone：+86 131 2286 5700（WeChat）
2020 APREA China REITs Handbook亚太房地产 (APREA) 中国REITs手册
随着今年4月30日国家发改委和证监会联合发布的《关于推进基础设施领域不动产投资信托基金（REITs）试点相关工作》的通知，标志着中国公募REITs新的起航。
亚太房地产协会（APREA）也在积极协助推动中国REITs的发展，为中国提供我们国际REITs先进经验，以协助建立即具中国特色又具国际竞争力的REITs制度而努力。同时，协会也在积极参与REITs的教育和普及，让更多人认识REITs。
对此，协会有幸邀请到国内众多知名REITs专家和学者一同撰写《中国REITs手册》，此手册为一个持续更新的普及中国REITs的教育型手册，为让大众、行业人员及投资者更好地理解中国REITs。本手册由亚太房地产协会（APREA）、北京大学光华管理学院、金杜律师事务所（中国）、毕马威（中国）、戴德梁行（中国）的专家、学者共同完成。
随着今年4月30日国家发改委和证监会联合发布的《关于推进基础设施领域不动产投资信托基金（REITs）试点相关工作》的通知，标志着中国公募REITs新的起航。
亚太房地产协会（APREA）也在积极协助推动中国REITs的发展，为中国提供我们国际REITs先进经验，以协助建立即具中国特色又具国际竞争力的REITs制度而努力。同时，协会也在积极参与REITs的教育和普及，让更多人认识REITs。
对此，协会有幸邀请到国内众多知名REITs专家和学者一同撰写《中国REITs手册》，此手册为一个持续更新的普及中国REITs的教育型手册，为让大众、行业人员及投资者更好地理解中国REITs。本手册由亚太房地产协会（APREA）、北京大学光华管理学院、金杜律师事务所（中国）、毕马威（中国）、戴德梁行（中国）的专家、学者共同完成。
想获取完整的中文电子版手册吗?
请联系：
张文良
副总裁、中国区负责人
亚太房地产协会（APREA）
邮件：allan.zhang@beta.aprea.asia
电话：+86 131 2286 5700（微信）
The REIT Cap Rate Perspective
COVID-19 impacts are being felt across the REIT space. However, sectors will be impacted differently by both COVID-19 itself and the behaviors and measures that will be taken to address the outbreak. While at the time of this writing, REITs are likely oversold, pricing in the REIT market is diverging between property types, which could point to the future direction of private market values.
SG New Measures to Help REITs Navigate Operating Challenges Posed by COVID-19
The Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), and the Monetary Authority of Singapore (MAS) today announced new measures to provide real estate investment trusts listed on the Singapore Exchange (S-REITs) with greater flexibility to manage their cash flows and raise funds amid a challenging operating environment due to COVID-19. These comprise an extension of the deadline for distribution of taxable income by MOF and IRAS, as well as a raising of the leverage limit and deferment of new regulatory requirements by MAS.
View more details here.
