Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

Equity Bottom-Up

<ul><li>Goldman Sachs' GCI enters partnership with Asia Pacific Land in Japan for data center venture, expanding its reach in Asia.</li><li>CPPIB and MGRV collaborate on $350M venture in Korean rental housing, aiming to capture opportunities in the real estate market.</li><li>S&amp;P forecasts rebound in China's property market, driven by increase in secondary sales, indicating positive growth.</li></ul>

Goldman Sachs' GCI enters partnership with Asia Pacific Land in Japan for data center venture, expanding its reach in Asia.CPPIB and MGRV collaborate on $350M venture in Korean rental housing, aiming to capture opportunities in the real estate market.S&amp;P forecasts rebound in China's property market, driven by increase in secondary sales, indicating positive growth.

Asia Real Estate Tracker (24-Jan-2025): Goldman Sachs expands into Japan with data centre JV.

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul>
<li>Momentum in weekly HFD for loan growth at US banks is improving, now reaching 3.0% YoY for week 5 March data, a figure not reached since at least early 2024</li>
<li>The growth rate in large time deposits continues to remain incredibly low now at 1.2% YoY in the most recent week - these funds are more expensive than other deposits. </li>
<li>Loan loss reserves are still much higher than YE19 at 1.59% of loans there is a distinct bottoming and turning over of this ratio - suggesting better credit metrics.</li>
</ul>


Momentum in weekly HFD for loan growth at US banks is improving, now reaching 3.0% YoY for week 5 March data, a figure not reached since at least early 2024
The growth rate in large time deposits continues to remain incredibly low now at 1.2% YoY in the most recent week - these funds are more expensive than other deposits. 
Loan loss reserves are still much higher than YE19 at 1.59% of loans there is a distinct bottoming and turning over of this ratio - suggesting better credit metrics.


US Banks - Weekly YoY Loan Growth Hits 3.0% Peak Since Early 2024

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Cross Asset Strategy

<ul><li>Discussion of podcast topics on St. Patrick's Day and credit crisis history</li><li>Analysis of current market trends and performance, including digital assets and tariffs</li><li>Comparison of market patterns from previous years to predict future performance and impact of events like tariffs</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Discussion of podcast topics on St. Patrick's Day and credit crisis historyAnalysis of current market trends and performance, including digital assets and tariffsComparison of market patterns from previous years to predict future performance and impact of events like tariffsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Bear Stearns, Tariffs, and the Credit Crisis: Lessons from 2008 | The New Barbarians #012

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

<ul><li>Tracy and Joe discuss their favorite chat GPT and Claude prompts and how they use them for both serious and fun purposes</li><li>They acknowledge the limitations and risks of using AI in professional settings, especially in large companies like Goldman Sachs</li><li>Marco Argenti, Chief Information Officer at Goldman Sachs, explains his role in ensuring the smooth operation of technology within the company and the evolving use of AI in the financial industry</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Tracy and Joe discuss their favorite chat GPT and Claude prompts and how they use them for both serious and fun purposesThey acknowledge the limitations and risks of using AI in professional settings, especially in large companies like Goldman SachsMarco Argenti, Chief Information Officer at Goldman Sachs, explains his role in ensuring the smooth operation of technology within the company and the evolving use of AI in the financial industryThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Goldman Sachs CIO on How the Bank Is Actually Using AI

<ul>
<li>
<a href="https://www.smartkarma.com/entities/ally-financial-inc" target="_blank" data-smartkarma-citation="entities:9683:1" rel="noopener">Ally Financial (ALLY US)</a> gave a poor view of now and the immediate future for credit costs within its primary loan book, used cars for subprime borrowers</li>
<li>There is often good read-through for mainstream banks and overall credit metrics, we saw this in Thailand before 1997 and in the US with Indymac, Countrywide, Household</li>
<li>If the Fed has a better view on granular data than one single finance company, we believe they will use this data when considering rate cut magnitude, next week
</li>
</ul>



Ally Financial (ALLY US) gave a poor view of now and the immediate future for credit costs within its primary loan book, used cars for subprime borrowers
There is often good read-through for mainstream banks and overall credit metrics, we saw this in Thailand before 1997 and in the US with Indymac, Countrywide, Household
If the Fed has a better view on granular data than one single finance company, we believe they will use this data when considering rate cut magnitude, next week



Ally Financial - Suggests Large Fed Cut, Credit Cost Guidance Worsening, Fringe Finco View Can Lead

United States

The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services.  The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.

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Goldman Sachs Group (GS US)

Asia Real Estate Tracker (24-Jan-2025): Goldman Sachs expands into Japan with data centre JV.

Goldman Sachs, CPPIB, and S&P are all making significant investments in real estate ventures in Asia, indicating optimism in the region's property...

Asia Real Estate Tracker

US Banks - Weekly YoY Loan Growth Hits 3.0% Peak Since Early 2024

US banks weekly HFD on loans is positive, with acceleration to highest rates of growth since at least early FY24. Large time deposits and loan loss...

Daniel Tabbush

Bear Stearns, Tariffs, and the Credit Crisis: Lessons from 2008 | The New Barbarians #012

Today's podcast will cover the St. Patrick's Day celebrations, the 17th anniversary of Bear Stearns becoming insolvent, current market trends,...

William Mann

Goldman Sachs CIO on How the Bank Is Actually Using AI

Tracy and Joe explore the use of AI chat GPT prompts for both professional and creative purposes, showcasing the potential of AI tools while...

Odd Lots

Ally Financial - Suggests Large Fed Cut, Credit Cost Guidance Worsening, Fringe Finco View Can Lead

New disclosure, comments, guidance from Ally Financial show a major deterioration in credit metrics now, in coming months, which can mean a larger...

Daniel Tabbush

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