CONFERENCE DAY 1 - 3 MAY 2017

 

REIW Asia 2017 day 1

Opening keynote: The big picture

Suchad Chiaranussati
09:10

The Asian CRE market: Are we in another bubble or a land of opportunity?

  • How are the different CRE asset classes faring and what is their outlook?
  • What opportunities has Brexit created (or will it create) for Asian real estate players, given the diminished value of the pound?
  • Will the prospect of interest rate rises deter investors?
  • Can we expect to see additional opportunities in distressed real estate?
  • If the weight of capital in the core space continues to drive capital values up, then can we absorb the downwards trend in cap rates?
Panel discussion
09:50

Cross-border capital flows: What’s trending?

  •     Is there a trend towards diversifying out of home biased investments?
  •     Will there be an impact on capital flows as a result of the recent geo-political instability in the US and Europe and anti-Chinese rhetoric?
  •     What will be the impact of cross-border investments to your total portfolio returns apart from the benefit of diversification?
  •     Is the trend of Asian capital heading to the US and Europe likely to increase, given the cash reserves of sovereign wealth and pension funds, insurance firms and private investors, particularly the Chinese? 
Elysia Tse
10:20

Asia real estate: what’s hot and what’s not?

  • With yields in Asia at levels which could be deemed uncompetitive with those in the US & Europe, is there an increased appetite for moving up the risk curve to provide better returns?
  • Does moving further up the risk curve offer opportunities for investing in some of Asia’s developing economies?
  • How can we reconcile increased risk appetite with the increased institutional capital flowing into Asian markets, given their traditionally risk-averse investment profile?
11:00

Networking refreshment break

A new debt paradigm?

Panel discussion
11:40

Banks & Real Estate Financing: Where are we now?

Despite the belief that banks weren’t playing in the commercial real estate sector as much anymore, at the end of Q3 2015, banks and thrifts had a record USD $1.79 trillion of commercial real estate debt on their books, so what does the future hold?
  • Are banks now only interested in senior debt or is there still some who will step further onto the risk curve and consider mezzanine?
  • Does the emergence of private real estate debt funds create opportunities for banks to diversify their CRE investment strategy?
  • Is the focus on senior debt purely a result of much tighter regulation, or is there simply a general risk aversion at this point? How much is increased regulation raising funding costs and eroding margins?
  • Is there a preference for investing in specific asset classes or industries?
  • What’s the M&A appetite within the banks?
  • Is there any impact from the record Asia Pacific bond issuances in 2015?
  • Which Asian markets provide the easiest opportunities for raising debt? 
Panel discussion
12:10

Private Real Estate Debt Funds: The new normal?

  • How does the mindset of private real estate debt funds differ? Is it true to say they are acting more as loan originators than raising money to take over legacy portfolios?
  • Does this mark a growing trend of private equity funds pushing further into debt investments?
  • What role will the banks play in these funds? Is it only ever going to be the senior debt?
  • Is a declining junk bond market creating a buying opportunity from hedge funds and others that have been traditionally active in mezzanine loans and other high yield debt?
  • A high quality security with an impressive yield: Is this simply the best option for defensive and income-focused investors?
  • How applicable are private real estate debt funds for emerging markets? Will high value real estate opportunities in those markets still be considered, or are they really only for A grade geographies?
Wee Teck Tay, Head of Private Equity Investments, Group Wealth Management, Standard Chartered Bank
12:50

Networking lunch

Country spotlights: Emerging players

Core Asset Investments

Geographies
14:10

Philippines

  • How is the Philippines opening up to FDI? Which asset classes are emerging as the safest bets?
  • Is the Philippines CRE market undergoing a substantive structural change?
  • Is residential investment too low-grade for international capital?
  • Is political instability an issue for investors?
Assets
14:10

Retail and the future of the mall

Retail & the future of the mall
  • With the undeniable growth of e-commerce, some say that retail is in an irreversible decline, but that doesn’t seem to be the case in Asia: Will this see increased capital flows into Asian retail real estate investments?
  • How are investors approaching retail now? Is the mindset changing in terms of deal structure and margins?
  • Is the decline in retail premises being countered by growth in warehousing and logistics investment opportunities?
Geographies
14:30

Myanmar

  • Opportunities for multi-purpose developments
  • Is there an opportunity in traditional office space, given the undersupply in Yangon and the non-traditional space used by some big businesses?
  • Will the 2016 Condominium Law, permitting foreign investors to own up to 40% of a condo building buoy interest in the residential sector?
  • How much perceived risk is there for investors in Myanmar? Is it still just too hard for most?
Assets
14:30

Warehousing and logistics

  • Given the boom in warehousing and logistics from e-commerce, is this the safest bet right now?
  • Where is Asia’s next warehousing & logistics hotspot?
  • Will China’s exciting expansion continue?
  • Which investment vehicle should you use and what’s the risk profile?
Geographies
14:50

Vietnam

  • What opportunities is increased retail spending from a burgeoning middle class creating for CRE investors?
  • How are Vietnam’s capital markets evolving and what impact does this have on foreign investors? Is access to capital improving?
  • How is the liberalization of Vietnam’s property market affecting CRE investors?
Assets
14:50

Residential

  • Where is residential real estate investment growing the most rapidly?
  • Where is Asian residential real estate capital flowing to? Are the UK and the US the most attractive regions outside of Asia?
  • What sort of residential real estate is growing best? Should you be putting your money with high-end developments, mid-range housing or multifamily or single family developments?
Geographies
15:10

India

  • Regulatory changes have made India more attractive than ever, reversing the lull seen in the last few years: Is this trend set to continue?
  •  Increasing trend of mid-size investors expanding their portfolio outside of residential, including retail, office space and other leased assets: Does this have any impact on deal availability for large scale investors?
  • Are investors concerned about developer delivery capability?
  • What opportunities are there for consortiums of investors to pick up distressed assets?
Aviral Chaturvedi, Senior Associate, Brookfield Asset Management
Assets
15:10

Hotels

  • Following record hotel occupancy in 2015, what’s the outlook for 2017 and beyond?
  • How much do external economic factors such as low oil prices factor into hotel successes and therefore hotel investment?
  • With US $27 billion worth of CMBS loans due to expire in 2016 and 2017, could this wall of maturities create the most dynamic financing period the industry has ever experienced?
  • Do hotel investors need to think differently now in the age of millennial travelers, and does that have any bearing on the attractiveness of the investment?
Assets
15:30

Casinos and gaming

  • Will the recent moves in the US of Casinos selling their assets to a REIT catch on elsewhere or will regulatory barriers cause problems?
  • Where are the casino hotspots and is there room for expansion?
  • Casino investment opportunities in Asia
15:50

Networking refreshment break

Roundtable discussion session

16:20

Australia RE Opportunities: More than just core assets

16:20

China RE: Investment Outlook & Opportunities

16:20

Co-working: Generating returns with more than just hot-desking

16:20

India RE: Where's the smart money going?

16:20

When does the "live, work, play" theme become an institutional investment class?

Keynote: The China story

Khoon Ng
17:10

Bubble, bust or balance? China’s RE market and the opportunities for distressed asset investment

  • What is the scale of China’s NPL market and what opportunities is it creating for investors?
  • How can you ensure that you have a true picture of the asset debt levels?
  • How has the success of Chinese policy makers in stabilizing the RE market affected interest in NPL investment?
  • Will more international investors start playing in China’s NPL market and what impact will they have?
Panel discussion
17:30

The China Story: Opportunities for working in China and with Chinese investors

  • Has the economic slowdown in 2015 caused international investors to rethink or do they view it as creating opportunity?
  • With policy initiatives aimed at boosting capital flows into real estate and interest rate cuts lowering the developer cost of capital, where are the opportunities? Should you be looking at second tier cities or is it better to stick with the safety of Beijing & Shanghai? And with second tier cities, how can you avoid the oversupply mistake?
  • With the government’s anti-corruption initiative, institutional and core funds have started backing prime income-producing assets in tier 1 cities. Is this trend set to continue?
  • Opportunistic possibilities: Are economic issues, oversupply and declining development margins creating opportunities for discerning investors in the opportunistic space?
  • Is the growth in platform and entity-level transactions in China one that it set to continue?
  • What opportunities is the increased appetite of Chinese developers for partnering with international players creating?
  • China as an outbound investor: With estimates that Chinese insurers could export as much as US $240 billion to international property markets in the next 10-20 years, and strong appetite from Chinese investors for international projects and acquisition, is there an increased opportunity to work with Chinese investors on an international level?
18:00

Networking drinks reception

last published: 02/May/17 01:15 GMT

 

 

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