Standard & Poor?s credit analyst Craig Parker said in a report released Thursday that Asia-Pacific real estate investment trusts (REITs) will wrestle slow tenant demand due to a dismal business and consumer confidence from the expected slowdown in the economies in the coming months.
According to Parker, major real estate markets of Australia, Hong Kong, Singapore, Taiwan and japan will experience economic problems that will keep rental growth in the short term. However, Asia-Pacific REITs will maintain their credit quality because of their established reputations.
Parker adds that these countries have kept a good leasing maturity profile and diverse tenant base which helps reduce the effects of cyclical volatility. Also, since they have well-established foundations, their property portfolios continue to attract tenants.
Majority of the rated REITs by S&P cover the region?s major real estate markets and have investment-grade ratings and a stable outlook.
Photo Credits: matsuyuki via Flickr Creative CommonsTokyo Apartments For Sale | Tokyo Apartments For Rent | Real Estate Japan
Source: http://www.realestate.co.jp/2012/12/07/sp-asia-pacific-reits-to-face-slow-tenant-demand/
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