{"id":11991,"date":"2018-01-04T19:35:10","date_gmt":"2018-01-04T11:35:10","guid":{"rendered":"http:\/\/www.fortunetimes.sg\/cn\/?p=11991"},"modified":"2018-01-04T19:36:54","modified_gmt":"2018-01-04T11:36:54","slug":"%e4%ba%a7%e4%b8%9a%e6%8a%95%e8%b5%84%e4%bf%a1%e6%89%98%e5%b0%86%e9%80%9a%e8%bf%87%e6%b5%b7%e5%a4%96%e6%94%b6%e8%b4%ad%e8%8e%b7%e5%be%97%e5%a2%9e%e9%95%bf","status":"publish","type":"post","link":"https:\/\/az.c.adneti.net\/cn\/?p=11991","title":{"rendered":"\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\u5c06\u901a\u8fc7\u6d77\u5916\u6536\u8d2d\u83b7\u5f97\u589e\u957f"},"content":{"rendered":"

\u65b0\u52a0\u5761\uff0c<\/span>\u00a02018<\/span>\u5e74<\/span>1<\/span>\u6708<\/span>3<\/span>\u65e5<\/span><\/strong>\u00a0–\u00a0<\/span>\u968f\u7740<\/span>2017<\/span>\u5e74\u52a0\u606f\u548c\u884c\u4e1a\u6574\u5408\u7684\u62c5\u5fe7\u9010\u6e10\u6d88\u9000\uff0c\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\uff08<\/span>Reits<\/span>\uff09\u5728\u53bb\u5e74\u4e0a\u6da8\u4e86<\/span>20.6<\/span>\uff05\uff0c\u4ee5\u53ef\u89c2\u7684\u56de\u5347\u8d85\u8d8a\u4e86\u57fa\u51c6\u6d77\u5ce1\u65f6\u62a5\u7684\u6307\u6570\u3002<\/span><\/span><\/span><\/p>\n

\u65b0\u52a0\u5761\u5e74\u5185\u7684\u7ecf\u6d4e\u6539\u5584\u8f83\u9884\u671f\u4e3a\u4f73\uff0c\u5168\u5e74\u4f9b\u9700\u5e73\u8861\u597d\u8f6c\u3002<\/span><\/span><\/p>\n

\u867d\u7136<\/span>2017<\/span>\u5e74\u7684\u6d3e\u606f\u5e76\u65e0\u5927\u5e45\u589e\u52a0<\/span>\u00a0<\/span><\/span>\uff0c\u5206\u6790\u5e08\u9884\u8ba1\u968f\u7740\u79df\u91d1\u4e0a\u6da8\uff0c\u6d3e\u606f\u5c06\u5728<\/span>2018<\/span>\u5e74\u5f97\u5230\u6539\u5584\u3002<\/span><\/span><\/span><\/p>\n

\u5927\u534e\u7ee7\u663e\u63a7\u80a1\u5206\u6790\u5e08<\/span>Vikrant Pandey<\/span>\u9884\u8ba1\u6bcf\u5355\u4f4d\u6d3e\u606f\uff08<\/span>DPU<\/span>\uff09\u5c06\u6709<\/span>1<\/span>\uff05\u81f3<\/span>6<\/span>\uff05\u7684\u6539\u5584\u3002\u534e\u4fa8\u94f6\u884c\u6295\u8d44\u7814\u7a76\uff08<\/span>OCBC Investment Research<\/span>\uff09\u5206\u6790\u5e08<\/span>Andy Wong<\/span>\u9884\u8ba1\uff0c\u6bcf\u5355\u4fe1\u6258\u4f4d\u6d3e\u606f\u5c06\u589e\u957f<\/span>2.8<\/span>\uff05\uff0c\u800c\u661f\u5c55\u96c6\u56e2\u80a1\u672c\u7814\u7a76\uff08<\/span>DBS<\/span>\uff09\u9ad8\u7ea7\u526f\u603b\u88c1<\/span>Derek Tan<\/span>\u9884\u8ba1\u660e\u5e74<\/span>DPU<\/span>\u589e\u957f<\/span>2<\/span>\uff05\u3002<\/span><\/span><\/span>\u00a0<\/span><\/p>\n

\u5206\u6790\u5e08\u4eec\u666e\u904d\u770b\u597d\u529e\u516c\u5ba4\u548c\u9152\u5e97\u884c\u4e1a\u3002\u7531\u4e8e\u8fd9\u4e24\u4e2a\u884c\u4e1a\u5728\u53bb\u5e74\u5927\u91cf\u4f9b\u5e94\u548c\u6269\u5f20\uff0c\u5c06\u5bfc\u81f4\u4eca\u5e74\u7684\u79df\u91d1\u548c<\/span>\u00a0<\/span><\/span>\u9152\u5e97\u623f\u4ef7\u5206\u522b\u6709\u6240\u6539\u5584\uff0c\u7ade\u4e89\u6027\u7684\u65b0\u4f9b\u5e94\u7684\u5a01\u80c1\u4e5f\u5c06\u9010\u6e10\u6de1\u5316\u3002<\/span><\/span><\/span><\/p>\n

\u53bb\u5e74\uff0c\u529e\u516c\u697c\u4f9b\u5e94\u91cf\u8d85\u8fc7<\/span>240<\/span>\u4e07\u5e73\u65b9\u82f1\u5c3a\uff0c\u5176\u4e2d\u5305\u62ec\u6ee8\u6d77\u76db\u666f\uff08<\/span>19<\/span>\u4e07\u5e73\u65b9\u82f1\u5c3a\uff09\uff0c\u4f4d\u4e8e\u73ca\u987f\u9053\u7684<\/span>UIC<\/span>\u5927\u53a6\uff08<\/span>277<\/span>\uff0c<\/span>540<\/span>\u5e73\u65b9\u5c3a\uff09\u53ca\u7f57\u654f\u7533\u8def\u7684<\/span>Oxley Tower<\/span>\uff08<\/span>111<\/span>\uff0c<\/span>710<\/span>\u5e73\u65b9\u82f1\u5c3a\uff09\u3002\u76f8\u6bd4\u4e4b\u4e0b\uff0c<\/span>2018<\/span>\u5e74\u4f9b\u5e94\u91cf\u9884\u8ba1\u5c06\u51cf\u5c11\uff0c\u4ec5\u6709\u7ea6<\/span>86<\/span>\u4e07\u5e73\u65b9\u82f1\u5c3a\u5373\u5c06\u9762\u5e02\u3002<\/span><\/span><\/span><\/p>\n

\"\"
\u7f57\u654f\u7533\u8def\u7684Oxley Tower<\/figcaption><\/figure>\n

\u81f3\u4e8e\u9152\u5e97\u884c\u4e1a\uff0c\u9152\u5e97\u548c\u670d\u52a1\u5f0f\u516c\u5bd3\u5e76\u6ca1\u6709\u968f\u7740\u65c5\u5ba2\u4eba\u6570\u589e\u957f\u800c\u53d7\u76ca\u3002<\/span>\u00a02017<\/span>\u5e74\u9996<\/span>9<\/span>\u4e2a\u6708\u7684\u6bcf\u95f4\u5ba2\u623f\u6536\u76ca\uff08<\/span>revPAR<\/span>\uff09\u5e74\u540c\u6bd4\u6301\u5e73\uff0c\u4e3a<\/span>201.20<\/span>\u65b0\u5143\uff0c\u5e73\u5747\u5165\u4f4f\u7387\u4e0a\u5347\u4ecb\u4e8e<\/span>1.1<\/span>\uff05\u81f3<\/span>86.1<\/span>\uff05\u3002<\/span><\/span><\/span><\/p>\n

Andy Wong<\/span>\u8bf4\uff1a\u201c\u8fd9\u53ef\u80fd\u7531\u4e8e\u9152\u5e97\u4e4b\u95f4\u7684\u7ade\u4e89\uff0c\u56e0\u4e3a\u4ece\u53bb\u5e74\u5230\u4eca\u5e74\u6709<\/span>2500<\/span>\u95f4\u65b0\u5ba2\u623f\u9884\u8ba1\u6295\u5165\u5230\u5e02\u573a\u3002\u201d<\/span><\/span><\/span><\/p>\n

\u4f46\u4ed6\u8865\u5145\u8bf4\uff0c\u6709\u8ff9\u8c61\u8868\u660e\u5f53\u5730\u4f01\u4e1a\u5bf9\u9152\u5e97\u548c\u670d\u52a1\u5f0f\u516c\u5bd3\u7684\u9700\u6c42\u8d8b\u4e8e\u7a33\u5b9a\uff0c\u8fd9\u4e5f\u53cd\u6620\u4e86\u66f4\u7a33\u5b9a\u7684\u5b8f\u89c2\u7ecf\u6d4e\u73af\u5883\u3002<\/span>Pandey<\/span>\u8fdb\u4e00\u6b65\u6307\u51fa\uff0c\u8fd9\u4e9b\u662f\u201c\u5468\u671f\u6027\u884c\u4e1a\u201d<\/span>\u00a0–\u00a0<\/span>\u53d7\u6574\u4f53\u7ecf\u6d4e\u8d77\u4f0f\u5f71\u54cd\u8f83\u5927\u7684\u529e\u516c\u697c\u548c\u9152\u5e97\u7b49\uff0c\u4e0e\u5176\u96f6\u552e\u548c\u5de5\u4e1a\u884c\u4e1a\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u968f\u7740\u7ecf\u6d4e\u7684\u6539\u5584\u6709\u826f\u597d\u7684\u8868\u73b0<\/span>\u00a0<\/span><\/span>\u3002<\/span><\/span><\/span><\/p>\n

\u57ce\u5e02\u53d1\u5c55\u9152\u5e97\u4fe1\u6258\uff08<\/span>CDL<\/span>\uff09\uff0c<\/span>OUE\u00a0<\/span>\u9152\u5e97\u4fe1\u6258\uff08<\/span>OUE<\/span>\uff09\uff0c\u51ef\u5fb7\u5546\u4e1a\u4fe1\u6258\uff08<\/span>CapitaLand Commercial Trust<\/span>\uff09\u548c\u65b0\u8fbe\u57ce\u4fe1\u6258\uff08<\/span>Suntec Reit<\/span>\uff09\u7b49\u4e1a\u7ee9\u8868\u73b0\u4f18\u79c0\u7684\u4ea7\u4e1a\u4fe1\u6258\uff0c\u53bb\u5e74\u4e0a\u6da8\u4e86<\/span>30<\/span>\uff05\u81f3<\/span>35<\/span>\uff05\u3002<\/span><\/span><\/span><\/p>\n

\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u5de5\u4e1a\u548c\u96f6\u552e\u884c\u4e1a\u4ecd\u7136\u9762\u4e34\u4f9b\u5e94\u538b\u529b\u3002\u5bf9\u4e8e\u524d\u8005\uff0c\u653f\u5e9c\u4f9b\u5e94\u4ecd\u7136\u662f\u56fd\u5bb6\u6301\u7eed\u964d\u4f4e\u5de5\u4e1a\u5360\u7528\u6210\u672c\u52a8\u529b\u7684\u4e00\u90e8\u5206\u3002\u5bf9\u4e8e\u540e\u8005\uff0c\u5b83\u5fc5\u987b\u5e94\u5bf9\u7535\u5b50\u5546\u52a1\u5e26\u6765\u7684\u6311\u6218\u3002<\/span><\/span><\/p>\n

\u53e6\u4e00\u65b9\u9762\uff0c\u6295\u8d44\u4e1a\u8005\u9884\u6d4b<\/span>2018<\/span>\u5e74\u5c06\u4f1a\u6709\u4e09\u6b21\u5229\u7387\u6500\u5347\uff0c\u5206\u6790\u5e08\u8ba4\u4e3a\u8fd9\u5bf9\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\u7684\u5f71\u54cd\u4e0d\u5927\uff0c\u76f8\u6bd4<\/span>2013<\/span>\u5e74\u72c2\u70ed\u7684\u201c<\/span>QE<\/span>\u7f29\u51cf\u6050\u614c\u75c7\u201d<\/span>\u00a0<\/span><\/span>\uff08<\/span>Taper Tantrum<\/span>\uff09\uff0c\u5f53\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u4ef7\u683c\u56e0\u62c5\u5fc3\u5229\u7387\u5f88\u5feb\u4f1a\u6b63\u5e38\u5316\u800c\u5927\u8dcc\u65f6\u3002<\/span><\/span><\/span><\/p>\n

Andy<\/span>\u8868\u793a\uff1a\u201c\u5229\u7387\u6500\u5347\u5468\u671f\u5e76\u4e0d\u4e00\u5b9a\u662f\u9650\u5236\u4ea7\u4e1a\u4fe1\u6258\u884c\u4e1a\u8868\u73b0\u7684\u8981\u7d20\u3002\u201d\u4ed6\u5f15\u7528\u4e86\u8fc7\u53bb\u7684\u4e8b\u4ef6\uff1a\u5728<\/span>2004<\/span>\u5e74<\/span>6<\/span>\u6708\u81f3<\/span>2006<\/span>\u5e74<\/span>6<\/span>\u6708\u7684\u5229\u7387\u6500\u5347\u5468\u671f\u4e2d\uff0c\u7f8e\u56fd<\/span>10<\/span>\u5e74\u671f\u653f\u5e9c\u503a\u5238\u6536\u76ca\u7387\u5728\u5927\u7ea6<\/span>20<\/span>\u4e2a\u6708\u7684\u65f6\u5019\u624d\u8d85\u8fc7\u7b2c\u4e00\u6b21\u52a0\u606f\u5468\u671f\u3002\u5728\u6b64\u671f\u95f4\uff0c\u65b0\u52a0\u5761\u4ea7\u4e1a\u4fe1\u6258\u7684\u4ef7\u683c\u53cd\u800c\u5f3a\u70c8\u589e\u503c\u3002<\/span><\/span><\/span><\/p>\n

\u201c\u81ea\u4ece<\/span>2016<\/span>\u5e74<\/span>12<\/span>\u6708\u7f8e\u8054\u50a8\u63d0\u9ad8\u8054\u90a6\u57fa\u91d1\u5229\u7387\u4ee5\u6765\uff0c\u6211\u4eec\u89c2\u5bdf\u5230\u4e00\u4e9b\u76f8\u4f3c\u4e4b\u5904\uff0c\u5373\u7f8e\u56fd<\/span>10<\/span>\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u76f8\u5bf9\u63a5\u8fd1\u5347\u5e45\u524d\u7684\u6c34\u5e73\uff0c\u800c<\/span>FTSE ST Reit<\/span>\u6307\u6570\u5728\u540c\u4e00\u65f6\u671f\u5df2\u7ecf\u8fbe\u5230\u603b\u6536\u76ca<\/span>23.6%<\/span>\uff0c\u201c<\/span>\u00a0<\/span><\/span>\u4ed6\u8865\u5145\u8bf4\u3002<\/span><\/span><\/span><\/p>\n

\u81f3\u4e8e\u52a0\u606f\u662f\u5426\u4f1a\u589e\u52a0\u501f\u8d37\u6210\u672c\u5e76\u5f71\u54cd\u6d3e\u606f\uff0c\u661f\u5c55\u96c6\u56e2<\/span>Derek Tan<\/span>\u8868\u793a\uff0c\u968f\u7740\u5bf9\u51b2\u5df2\u7ecf\u5230\u4f4d\uff0c\u5229\u7387\u4e0a\u8c03\u5bf9<\/span>DPU<\/span>\u4e0d\u4f1a\u6709\u6fc0\u70c8\u7684\u5f71\u54cd\u3002<\/span><\/span><\/span><\/p>\n

\u4e00\u822c\u6765\u8bf4\uff0c<\/span>S-Reits<\/span>\u5df2\u7ecf\u5c06\u5176\u503a\u52a1\u7684<\/span>75-85<\/span>\uff05\u5bf9\u51b2\u5230\u4e86\u56fa\u5b9a\u5229\u7387\uff0c\u5728<\/span>2018<\/span>\u5e74\uff0c<\/span>2019<\/span>\u5e74\u548c<\/span>2020<\/span>\u5e74\u5206\u522b\u53ea\u6709<\/span>17<\/span>\uff05\uff0c<\/span>18<\/span>\uff05\u548c<\/span>1<\/span>\uff05\u7684\u503a\u52a1\u518d\u878d\u8d44\uff0c<\/span>Derek<\/span>\u8bf4\u3002<\/span><\/span><\/span><\/p>\n

\u201c\u6b64\u5916\uff0c\u5229\u7387\u4e0a\u6da8\u5bf9\u6b27\u6d32\u548c\u65e5\u672c\u8d44\u4ea7\u7684\u5f71\u54cd\u4e5f\u53ef\u80fd\u4f1a\u51cf\u8f7b\uff0c\u4ed6\u4eec\u53ef\u4ee5\u5bfb\u6c42\u66f4\u591a\u7684\u6b27\u5143\u6216\u65e5\u5143\u503a\u52a1\uff0c\u4ece\u800c\u964d\u4f4e\u6574\u4f53\u501f\u8d37\u6210\u672c\u3002\u201d<\/span><\/span><\/p>\n

\u76ee\u524d\u6b27\u6d32\u548c\u65e5\u672c\u7684\u77ed\u671f\u5229\u7387\u5904\u4e8e\u8d1f\u6570\u533a\u95f4\u3002<\/span><\/span><\/p>\n

\u81f3\u4e8e\u884c\u4e1a\u6574\u5408\u7684\u6982\u5ff5\uff0c\u5728\u8fd1\u51e0\u5e74\u4ea7\u4e1a\u4fe1\u6258\u4f30\u503c\u4e0d\u4f73\u7684\u60c5\u51b5\u4e0b\uff0c\u5206\u6790\u5e08\u8ba4\u4e3a\u53d1\u751f\u7684\u53ef\u80fd\u6027\u8f83\u5c0f\u3002<\/span><\/span><\/p>\n

\u4ee5\u53bb\u5e74<\/span>11<\/span>\u6708\u6848\u4f8b\uff0c\u5728\u534e\u5e73\u6295\u8d44\uff08<\/span>Warburg Pincus<\/span>\uff09\u652f\u6301\u4e0b\uff0c\u80dc\u5b9d\u5de5\u4e1a\u4fe1\u6258\uff08<\/span>Sabana Shari’ah Compliant Industrial Reit<\/span>\uff09\u548c\u6f5c\u5728\u6613\u5546\u7ea2\u6728\u4fe1\u6258\uff08<\/span>ESR Reit<\/span>\uff09\u4e4b\u95f4\u7684\u4f1a\u8c08\u6700\u7ec8\u5931\u8d25\u4e86\u3002\u4e8b\u540e\u53cc\u65b9\u90fd\u6ca1\u6709\u8bf4\u660e\u7406\u7531\u3002<\/span><\/span><\/span><\/p>\n

Pandey<\/span>\u8bf4\uff1a<\/span>\u00a0<\/span><\/span>\u201c\u5b9e\u73b0\u6574\u5408\u7684\u76ee\u6807\uff0c\u9700\u8981\u4e24\u4e2a\u5173\u952e\u9a71\u52a8\u56e0\u7d20\uff1a\u4e00\u662f\u65e0\u6cd5\u5728\u65b0\u52a0\u5761\u627e\u5230\u589e\u957f\u9014\u5f84\uff0c\u4f46\u7531\u4e8e\u5927\u591a\u6570\u4ea7\u4e1a\u4fe1\u6258\u901a\u8fc7\u6536\u8d2d\u7269\u4e1a\u627e\u5230\u6d77\u5916\u5546\u673a\uff0c\u6240\u4ee5\u8fd9\u5e76\u4e0d\u662f\u95ee\u9898\u3002\u5176\u6b21\uff0c\u4f30\u503c\u5bf9\u4ea4\u6613\u76f8\u5173\u5404\u65b9\u6765\u8bf4\u9700\u8981\u5438\u5f15\u529b\uff0c\u9274\u4e8e\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\u7684\u4ea4\u6613\u4ef7\u683c\u63a5\u8fd1\u4e70\u5356\u51c0\u503c\uff0c\u6240\u4ee5\u4f30\u503c\u7684\u5438\u5f15\u529b\u4e0d\u518d\u662f\u5173\u952e\u4e86\u3002\u201d<\/span><\/span><\/span><\/p>\n

\u76f8\u53cd\uff0c\u4ed6\u548c\u5176\u4ed6\u5206\u6790\u5e08\u4e00\u6837\uff0c\u8ba4\u4e3a\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\u5c06\u901a\u8fc7\u6d77\u5916\u6536\u8d2d\u6765\u83b7\u5f97\u589e\u957f\u3002\u62e5\u6709\u6d77\u5916\u8d44\u4ea7\uff08\u5982\u5409\u5b9d<\/span>KBS<\/span>\u7f8e\u56fd\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\uff08<\/span>Keppel-KBS US Reit<\/span>\uff09\u548c\u6fb3\u5927\u5229\u4e9a\u514b\u4f26\u5a01\u5c14\u6b27\u6d32\u4ea7\u4e1a\u6295\u8d44\u4fe1\u6258\uff08<\/span>Cromwell European Reit<\/span>\uff09\uff09\u5728<\/span>2017<\/span>\u5e74\u4e0a\u5e02\uff0c\u8fd9\u8bc1\u660e\u4e86\u5728\u6d77\u5916\u7684\u589e\u957f\u673a\u4f1a\u3002<\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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