Asia's well established REITs and real estate securitisation event, REITs Asia Pacific 2017 is back again for the 4th edition on the 4th of August 2017, at the Sheraton Towers, Singapore.
The prior REITs Asia Pacific conferences were trailblazers and were instrumental in developing investor interest in the Singapore REIT market. This year, the event will also play host to the Asia Pacific REIT industry recognition event The Asia Pacific Best of the Breeds REITs Awards 2017.
Since the successful launch of the First Asian REIT, Japan Australia, Singapore and Hong Kong have established themselves as well recognized REIT centres. Other Asian markets such as Malaysia, South Korea, Taiwan and Thailand have also developed their REIT markets and are looking to close the gap. India is recent entrant to the game with REIT and InvIT rules being finalised over the past two years, and now with successful InvIT listings and REITs in the IPO pipeline. China is also exploring the concept with prototype REITs such as the Penghua-Qianhai-Vanke REIT listed on the Shenzhen Exchange in June 2015. Chinese authorities are said to be seriously contemplating the formalization of REIT codes.
These developments hold tremendous potential for Asia Pacific's real estate sector. China's top tier cities, Shanghai and Beijing, are establishing themselves among the world's top 10 city economies in terms of scale, status and commercial attraction. India shows similar potential. The top seven cities of India together have more than 400 million square feet of operational office space. This is expected to grow by approximately 25 million to 30 million square feet annually. Of this office stock, more than 150 million square feet will be ready for REIT listing .REITs hold many benefits to the overall economic development of a country especially for developing economies like China and India where REITs free up capital for real estate and infrastructure, attracting long-term investors such as sovereign wealth funds, pension funds and insurance companies.
2017 will likely witness a renaissance in Asia's REITs markets with India and China as the next bright spots. For a vibrant and robust REIT market to emerge, several conditions are needed and there is no one straightforward formula. This summit again will see the gathering of some of the region's top investors, issuers and arrangers who will share their insights on the Asian REITs market.