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The Significance and Performance of Listed Property Companies in Asian Developed and Emerging Markets

Author/s: Thi Kim Nguyen

Date Published: 1/01/2011

Published in: Volume 17 - 2011 Issue 1 (pages 24 - 47)

Abstract

Whilst property has become a major global investment class beside shares and bonds, listed property companies also take a higher exposure in the Asian stock markets compared to the other continents. This reflects an increasingly significant role of Asian property securities in the regional and global context. This study presents a profile and performance analysis of the listed property companies for 13 Asian countries according to the level of market maturity as the developed, emerging and lesser emerging tiers over Jan. 1999 – Dec. 2009. This covers the developed market tier (Japan, Hong Kong, Singapore), emerging market tier (Malaysia, Korea, Taiwan, Thailand) and the lesser emerging market tier (China, India, Indonesia, Philippines, Sri Lanka and Vietnam). The research shows the tier of the lesser emerging markets in Asia have the potential to provide enhanced property investment returns.

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Keywords

Asia - Developed - Emerging - Lesser Emerging Market - Listed Property Companies - Performance Analysis - Risk-Adjusted Returns - Tier Index

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