It was a pleasure to moderate this session on real estate debt at PERE Global Summit the other day, zooming in on Greater China and Australia, with Joyce Liang, Bank of America, Wayne Lasky, MaxCap Group, and Rai Katimansah, Multiple Capital Investment Partners.
What to watch for in the next 6 months? Chinese developers - liquidity and margins; broader Asia - reopening and how hospitality and retail sectors will fare under pressure; potential delays to real reopening; globally - rising inflation concerns, questions about policy response, though China and Australia in more idiosyncratic positions. Structural factors for RE debt - regulatory changes for banks and risk-return profile.