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

Thematic (Sector/Industry)

<ul><li>UI Boustead REIT's debut on the Singapore Exchange saw an 8.5% decline due to investor concerns.</li><li>Savills has made a significant acquisition of Eastdil Secured from Temasek for $1.1 billion.</li><li>Mitsubishi Estate sold a 9% stake in a Shinjuku office complex for $128 million amid market shifts.</li></ul>

UI Boustead REIT's debut on the Singapore Exchange saw an 8.5% decline due to investor concerns.Savills has made a significant acquisition of Eastdil Secured from Temasek for $1.1 billion.Mitsubishi Estate sold a 9% stake in a Shinjuku office complex for $128 million amid market shifts.

Asia Real Estate Tracker (13-Mar-2026): UI Boustead REIT falls 8.5% on SGX debut amid conflict.

<ul>
<li>Hines has completed the acquisition of a Singapore mall from CapitaLand REIT for $332 million.</li>
<li>Vietnam's BW Industrial has announced a significant $120 million development partnership to expand operations.</li>
<li>Goldman Sachs has strengthened its Japan real estate team by appointing PAG veteran Komori to lead initiatives.</li>
</ul>


Hines has completed the acquisition of a Singapore mall from CapitaLand REIT for $332 million.
Vietnam's BW Industrial has announced a significant $120 million development partnership to expand operations.
Goldman Sachs has strengthened its Japan real estate team by appointing PAG veteran Komori to lead initiatives.


Asia Real Estate Tracker (15-Jan-2026): Hines to acquire Singapore mall for $332M.

<ul><li>Tokyo and Yokohama are planning to acquire more than 1,000 homes by the year 2025, indicating a major investment in the residential real estate market.</li><li>Acrophyte is set to purchase the management company of Suntec REIT from ESR for a substantial sum of $147 million, highlighting ongoing activity in the real estate sector.</li><li>The 12th Asia Property Awards celebrated significant achievements in real estate, recognizing key contributors and innovators in the Greater China region.</li></ul>

Tokyo and Yokohama are planning to acquire more than 1,000 homes by the year 2025, indicating a major investment in the residential real estate market.Acrophyte is set to purchase the management company of Suntec REIT from ESR for a substantial sum of $147 million, highlighting ongoing activity in the real estate sector.The 12th Asia Property Awards celebrated significant achievements in real estate, recognizing key contributors and innovators in the Greater China region.

Asia Real Estate Tracker (18-Dec-2025): Tokyo, Yokohama acquire over 1,000 homes by 2025.

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

Gan & Lee Pharmaceuticals / Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment</li>
<li>Short-Term supports to watch on ACWI-US continue to be $132 (testing now), $130, $128, $125-$126, and $123-$123.50. All signs point to the ACWI-US uptrend continuing for the foreseeable future.</li>
<li>Upgrading China to Overweight; Europe Breaking Out; Japan Also Remains Attractive. Buys in Consumer Discretionary (primarily autos/parts), Industrials, Services, Health Care, Materials, Financials, and Real Estate</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass), with Int’l Compass reports all echoing this sentiment
Short-Term supports to watch on ACWI-US continue to be $132 (testing now), $130, $128, $125-$126, and $123-$123.50. All signs point to the ACWI-US uptrend continuing for the foreseeable future.
Upgrading China to Overweight; Europe Breaking Out; Japan Also Remains Attractive. Buys in Consumer Discretionary (primarily autos/parts), Industrials, Services, Health Care, Materials, Financials, and Real Estate


Upgrading China to Overweight; Europe Breaking Out

Taiwan Stock Exchange Weighted Index / Technical Analysis

Taiwan Stock Exchange Weighted Index (TWSE INDEX)

<ul>
<li>Rallies appear to be stalling-out near logical resistances in the largest global equity markets. That includes 5670-5783 on SPX, 2690-2700 on Japan's TOPIX, and 4884 on Europe's EURO STOXX 50.</li>
<li>We continue to believe these indexes will roll over near current or marginally higher levels, fitting with our ongoing belief that MSCI ACWI is going through a 1-to-4-month pullback/consolidation.</li>
<li>Long-Term uptrend violations on global indexes and continued outperformance from defensive Sectors are our top concerns for global equities, though recession indicators and a Fed cutting cycle are also concerns.</li>
</ul>


Rallies appear to be stalling-out near logical resistances in the largest global equity markets. That includes 5670-5783 on SPX, 2690-2700 on Japan's TOPIX, and 4884 on Europe's EURO STOXX 50.
We continue to believe these indexes will roll over near current or marginally higher levels, fitting with our ongoing belief that MSCI ACWI is going through a 1-to-4-month pullback/consolidation.
Long-Term uptrend violations on global indexes and continued outperformance from defensive Sectors are our top concerns for global equities, though recession indicators and a Fed cutting cycle are also concerns.


Expecting Downside Ahead; Stick With Defensives; Downgrading Taiwan to Market Weight; Risk-Off Signs

Japan

Japan Real Estate Investment Corporation is a real estate investment trust (REIT) which invests in real estate and securitized real estate products. The Company directly invests in office properties with a focus on 3 wards(Chiyoda, Chuo, and Minato) in Tokyo.

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Japan Real Estate Investment (8952 JP)

Asia Real Estate Tracker (13-Mar-2026): UI Boustead REIT falls 8.5% on SGX debut amid conflict.

UI Boustead REIT fell 8.5% on debut amid Middle East tensions, while Savills bought Eastdil for $1.1B, Mitsubishi sold a stake for $128M, and...

Asia Real Estate Tracker

Asia Real Estate Tracker (15-Jan-2026): Hines to acquire Singapore mall for $332M.

Hines acquired a Singapore mall for $332M, BW Industrial announced a $120M partnership, and various firms made key appointments and acquisitions in...

Asia Real Estate Tracker

Asia Real Estate Tracker (18-Dec-2025): Tokyo, Yokohama acquire over 1,000 homes by 2025.

Tokyo and Yokohama aim to acquire 1,000 homes by 2025, Acrophyte plans to buy Suntec REIT's management for $147M, and the Asia Property Awards...

Asia Real Estate Tracker

Upgrading China to Overweight; Europe Breaking Out

Upgrading China to Overweight. Europe Breaking Out. Japan Remains Attractive. All signs point to the $ACWI uptrend continuing for the foreseeable...

Vermilion Research

Expecting Downside Ahead; Stick With Defensives; Downgrading Taiwan to Market Weight; Risk-Off Signs

Expecting Downside Ahead $ACWI $SPX; Stick With Defensive Sectors; Downgrading Taiwan $EWT $TSM to Market Weight; Global Discretionary vs. Staples...

Vermilion Research

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