The document is a distillation of information provided to ANREV by non-listed property vehicles, as well as publicly available information of other non-listed property vehicles, in order to give a view on the size and composition of the Asia Pacific non-listed property funds market over a particular period of time.

If you have any questions, please contact Daisy Huang at [email protected].

Holiday Inn Express Melbourne Southbank is being developed by Pro-invest Group, one of the largest hotel investment platforms in Australasia. Together with the guidance of Clean Energy Finance Corporation (CEFC) - a specialist clean energy financier, investing with commercial rigour to increase the flow of finance into renewable energy, energy efficiency and low emissions technologies - will incorporate a range of initiatives into the Melbourne Southbank hotel, boosting the initial targeted 4.5-Star NABERS Energy rating to 5-Stars.

• The ANREV All Funds index returned 2.84% in Q4 2018
• Value added funds overperformed core and opportunity funds returning 4.40% compared with returns of 2.93% and -0.70% respectively.

Data contributions were received from 89 funds with a total gross asset value of US$124.7 billion. Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang at [email protected] or Kip Kong at [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.31% in Feb 2019. The ACOE includes 19 funds with a total GAV of AUD 108.28 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

ANREV has launched the fifth release of the ANREV Pan Asia Open-End Diversified Core Fund Index (ODCI).

Please provide feedback and comments to Kip Kong at [email protected] or Amélie Delaunay at [email protected]

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.33% in Jan 2019. The ACOE includes 19 funds with a total GAV of AUD 108.00 billion.

Please contact Amélie Delaunay at [email protected] or Daisy Huang at [email protected] if you have any questions regarding the Index.

In January's issue, we have included:

Australia

• Managed Investment Trusts: applying a 30 per cent withholding rate on residential and agricultural property
• Extending the definition of a Significant Global Entity (SGE)
• ASIC extends relief for foreign financial services providers
• Australian government consults on Corporate Collective Investment Vehicle Bill

Cayman Island

• CIMA issues amendments to the AML Guidance Notes

Hong Kong

• SFC concludes consultation on amendments to anti-money laundering and counter-financing of terrorism guidelines
• Proposed changes to the funds tax exemption in Hong Kong

India

• Amendments in the long term capital gains tax

Japan

• Consumption tax amendments and transitional rules effective from October 2019
• 2019 tax reform proposals for the financial services industry and real estate market

Luxemburg

• ALFI Real Estate Investment Fund (REIF) Survey available for download.

Malaysia

• Taxation of unit holders of Real Estate Investment Trust/Property Trust Funds
• Qualifying expenditure and computation of industrial building allowance

Singapore

• Singapore parliament passes the Variable Capital Companies Bill
• MAS publishes FAQs on definition of accredited investor and opt-in process
• MAS guidelines on liquidity risk management practices for fund management companies

South Korea

• Debt Service Ratio (DSR) to be introduced as Household Debt Management Standard
• Proposed changes to the overseas investment vehicle (OIV) regime in Korea
• Financial measures to stabilize housing prices

Thailand

• New property tax in Thailand

Lastly, we would like to thank our committee who helped putting together the Newsletter. Details about this committee can be found here.