亚太房地产协会：2024年亚太不动产领袖大会会议要点报告：全球不动产新秩序（中译版）（22页）.pdf

1、Conference Takeawaysfrom the Asia Pacific Real AssetsLeaders Congress 2024A NEW GLOBALORDERThis years theme for the Leaders Congress,“A New Global Order for Real Assets,”resonates with macroeconomic trends,including peaking inflation and the anticipated cuts in interest rates.A renewed sense of opti

2、mism is emerging in Asia,especially as key economies like India,Japan and China align for growth.“Asia is no longer a hidden gem.More institutional global investors are investing in this part of the world,”Sigrid Zialcita,CEO at Asia Pacific Real Assets Association said in her welcome remarks at the

3、 conference held in Tokyo.Asias structural growth story remains intact,she noted,highlighting the expanding middle class and infrastructure needs as key drivers.Low-carbon transition and digital disruption trends are also opening up new investment avenues,she said.Asia Pacific Real Assets Leaders Co

4、ngress 2024John Lim,Chairman at APREA,also shared his optimism reflecting on the evolution of interest rates and market dynamics over the past year.He noted that the Federal Reserve lowering rates would spur investment activity.Lim highlighted the significant impact of U.S.monetary policy on Asian m

5、arkets,particularly for REITs,which are likely to gain traction as valuations recover.However,he also pointed out challenges in the region,such as slower growth in China and a more complex risk environment,which have led to more cautious capital deployment.While capitalization rates in Asia Pacific

6、have largely stabilized,signalling stronger fundamentals,the prospects for major repricing remain limited.Investors are avoiding China,instead focusing on opportunities in Japan and India.INTRODUCTIONSigrid ZialcitaJohn LimIn his keynote address,Yosuke Tsutsumi,Assistant Vice-Minister for Constructi