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THINK Asia Pacific: More than ever, investing in resilient cities is key

Hong Kong skyline

Harry Tan, Head of Research, Asia Pacific, explains why we believe investors should be tactically nimble under the current market landscape, and consider looking past cycles in resilient cities and sectors.

Even as we continue to espouse the positive pass through of improving economic conditions on regional real estate markets in the near term, we are at the same time cognisant of where we are in the property cycle. We have continued to highlight the risks that late-stage investing has on a blended portfolio’s total returns over the medium to long term. The stock market turmoil at the start of February 2018 has conveyed an opportune warning to institutional real estate investors. Despite supportive economic growth, capital market volatility will heighten throughout 2018 (as global central bank’s monetary policy diverge and/or tighten) thereby posing significant risks to stretched valuations in some property markets not backed by sound fundamentals. The days of ‘easy money’ investing, driven by globally loose monetary conditions, are probably over.

THINK Asia Pacific cities - Investing in resilient cities is key Read the full report



Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services. TH Real Estate is an investment affiliate of Nuveen, LLC (“Nuveen”), the investment management arm of TIAA. 439959-G-INST-AN-03/19

Harry Tan

Harry Tan

Head of Research, Asia Pacific

Harry's biography