APAC: investment property volumes, Q1 2022 | China: estimated real GDP growth, 2022 |
USD39.5 billion (-11% y-o-y)1 |
3.5% (vs 8.1% in 2021)2 |
USD/JPY exchange rate (25 May) | Singapore: passenger movement at Changi Airport in April 2022 |
127 (14% weaker than 2021 average) |
40% of pre-COVID-19 level (vs 18% in March) |
New Chief Executive; interest rates rising; hotels and industrial assets attract investment capital
1. Source: MSCI RCA Capital Trends Asia Pacific Q1 2022
2. Source: Schroders, Economic and Strategy Viewpoint (May 2022
3. Source: Oxford Economics, Country Economic Forecast | Hong Kong SAR (20 April 2022)
Reopening of borders bodes well for retail and hotel sectors
Investment volumes down in Q1; Japanese yen stabilises; Tokyo Grade A office vacancy drops
4. Source: Channel News Asia (4 May 2022)
5. Source: Channel News Asia (18 May 2022)
6. Source: Channel News Asia (12 February 2022)
7. Source: MSCI RCA Capital Trends Asia Pacific Q1 2022
8. Source: CBRE, Marketview | Japan Office | Q1 2022
Interest rates cut; signs of improvement in COVID-19 situation; investment activity in “new economy” sectors stays firm
The information in this market update is current as at May 2022 and does not necessarily reflect subsequent market events and conditions. This market briefing is provided for information purposes only and articles do not provide individual financial, legal, tax or investment advice. Past performance is not indicative of future performance. Graphs and charts are used for illustrative purposes only and do not reflect future values or future performance. The statements and statistics contained herein are based on material believed to be reliable but are not guaranteed to be accurate or complete. Investment strategies should be evaluated relative to each individual’s objective in consultation with their legal, investment and/or tax advisor. Schroders Capital is not liable for any errors or omissions in the information or for any loss or damaged suffered.
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