{"id":347181,"date":"2023-03-23T20:12:07","date_gmt":"2023-03-23T12:12:07","guid":{"rendered":"https:\/\/www.mingtiandi.com\/?p=347181"},"modified":"2023-04-21T14:26:02","modified_gmt":"2023-04-21T06:26:02","slug":"nuveen-phoenix-scape-greenfort-talk-aussie-housing","status":"publish","type":"post","link":"https:\/\/www.mingtiandi.com\/real-estate\/events\/australian-housing-crisis-creates-opportunity-for-institutional-investors-mtd-tv\/","title":{"rendered":"Australian Housing Crisis Creates Opportunity for Institutional Investors: MTD TV"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/player.vimeo.com\/video\/810787847?h=535d556263\" width=\"780\" height=\"439\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe>Australian housing prices have fallen by nearly a tenth in the past 12 months, but rising construction costs and scarce credit mean that the country\u2019s housing shortage continues, with panelists in an industry forum on Thursday seeing opportunities for experienced institutional investors to profit from build to rent and condominium projects.<\/p>\n<p>Speaking at the fourth session of the Mingtiandi APAC Residential Forum, which was sponsored by Yardi, senior executives from Nuveen Real Estate, Phoenix Property Investors, GreenFort Capital and Scape agreed that, while the market has become more challenging, events of the past year have also helped open doors for global and regional investors in Australia\u2019s prime residential markets.<\/p>\n<div style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/ad.doubleclick.net\/ddm\/trackclk\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;ltd=;dc_tdv=1\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Copy of APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real Estate\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/10\/Copy-of-APAC_EN_Capabilities_Static_StandoutAPAC_780x250_Real-Estate-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><script language='JavaScript1.1' src=\"https:\/\/ad.doubleclick.net\/ddm\/trackimpj\/N6563.3378992MINGTIANDI\/B30546704.375324595;dc_trk_aid=566156183;dc_trk_cid=192150727;ord=+ Date.now();dc_lat=;dc_rdid=;tag_for_child_directed_treatment=;tfua=;gdpr=${GDPR};gdpr_consent=${GDPR_CONSENT_755};ltd=;dc_tdv=1?\" attributionsrc ><\/script><\/div>\n<p>\u201cIt&#8217;s not controversial to say this anymore, that we&#8217;re genuinely in a housing crisis. The sale prices are falling, pre-sales for new developments are falling so it&#8217;s harder for traditional build-to-sell developers to get new projects up which is again, causing the supply-demand equation to tighten,\u201d said Ben Taylor, Nuveen\u2019s director of housing for Asia Pacific. \u201cThe opportunity is there now for institutional capital to fix this crisis.\u201d<\/p>\n<p>Trent Winduss, partner and head of Australia investments and Asia structured debt investments at Phoenix, backed Taylor\u2019s sentiment, noting that the ongoing volatility in the housing market is a \u201cgood time to acquire high quality assets on the right terms.\u201d<\/p>\n<h3>Affordability Challenges Continue<\/h3>\n<p>Average house prices in Australia have now fallen 9 percent since reaching a peak in April 2022, but despite the correction, the country\u2019s large cities continue to have some of the priciest homes globally. Sydney\u2019s housing market was named the second least affordable in the world after Hong Kong, with Melbourne, Adelaide and Brisbane ranking ninth, 14th and 15th, respectively, in the <a href=\"http:\/\/www.demographia.com\/dhi.pdf\">Demographia International Housing Affordability<\/a> report published this week.<\/p>\n\n\t\t<style type=\"text\/css\">\n\t\t\t#gallery-1 {\n\t\t\t\tmargin: auto;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-item {\n\t\t\t\tfloat: left;\n\t\t\t\tmargin-top: 10px;\n\t\t\t\ttext-align: center;\n\t\t\t\twidth: 25%;\n\t\t\t}\n\t\t\t#gallery-1 img {\n\t\t\t\tborder: 2px solid #cfcfcf;\n\t\t\t}\n\t\t\t#gallery-1 .gallery-caption {\n\t\t\t\tmargin-left: 0;\n\t\t\t}\n\t\t\t\/* see gallery_shortcode() in wp-includes\/media.php *\/\n\t\t<\/style>\n\t\t<div data-carousel-extra='{\"blog_id\":1,\"permalink\":\"https:\\\/\\\/www.mingtiandi.com\\\/real-estate\\\/events\\\/australian-housing-crisis-creates-opportunity-for-institutional-investors-mtd-tv\\\/\"}' id='gallery-1' class='gallery galleryid-347181 gallery-columns-4 gallery-size-thumbnail'><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/panel-multi-family-investment-in-australia-2023\/attachment\/ben_03a_preferred-headshot-5\/'><img decoding=\"async\" data-attachment-id=\"343971\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479.jpg\" data-orig-size=\"583,477\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Ben_03a_PREFERRED HEADSHOT\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479-400x327.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Ben Taylor Nuveen\" aria-describedby=\"gallery-1-343971\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Ben_03a_PREFERRED-HEADSHOT-3-e1677552871479-90x90.jpg 90w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-343971'>\n\t\t\t\tBen Taylor, Director of Housing, Asia Pacific, Nuveen Real Estate\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/events\/join-the-mingtiandi-residential-investment-forum-2022\/attachment\/trent-winduss-ppi\/'><img decoding=\"async\" data-attachment-id=\"308807\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961.jpg\" data-orig-size=\"475,388\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Trent Winduss, Partner, Head of Australia Investments, Head of Asia Structured Debt Investments, Phoenix Property Investors\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961-400x327.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Trent Winduss, Partner, Head of Australia Investments, Head of Asia Structured Debt Investments, Phoenix Property Investors\" aria-describedby=\"gallery-1-308807\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/12\/Trent-Winduss-PPI-e1678419797961-90x90.jpg 90w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-308807'>\n\t\t\t\tTrent Winduss, Partner, Head of Australia Investments, Head of Asia Structured Debt Investments, Phoenix Property Investors\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/real-estate\/speaker-bio-stephen-gaitanos-of-scape\/attachment\/stephen-gaitanos-resized\/'><img decoding=\"async\" data-attachment-id=\"234663\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347.jpg\" data-orig-size=\"684,559\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Stephen Gaitanos, Managing Director &#038; Group CEO, Scape\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347-400x327.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"Stephen Gaitanos, Scape\" aria-describedby=\"gallery-1-234663\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2021\/05\/Stephen-Gaitanos-resized-e1678331233347-90x90.jpg 90w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-234663'>\n\t\t\t\tStephen Gaitanos, Managing Director &#038; Group CEO, Scape\n\t\t\t\t<\/dd><\/dl><dl class='gallery-item'>\n\t\t\t<dt class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/www.mingtiandi.com\/attachment\/adam-vaggelas-greenfort-capital-3\/'><img decoding=\"async\" data-attachment-id=\"346183\" data-orig-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671.jpg\" data-orig-size=\"779,662\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;,&quot;keywords&quot;:&quot;Array&quot;}\" data-image-title=\"Adam Vaggelas &#8211; Greenfort Capital\" data-image-description=\"\" data-medium-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671-400x340.jpg\" data-large-file=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671.jpg\" width=\"150\" height=\"150\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" aria-describedby=\"gallery-1-346183\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671-150x150.jpg 150w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/03\/Adam-Vaggelas-Greenfort-Capital-1-e1678768710671-90x90.jpg 90w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/dt>\n\t\t\t\t<dd class='wp-caption-text gallery-caption' id='gallery-1-346183'>\n\t\t\t\tAdam Vaggelas, Partner, GreenFort Capital\n\t\t\t\t<\/dd><\/dl><br style=\"clear: both\" \/>\n\t\t<\/div>\n\n<p>High housing prices have caused a shift in views of home ownership, according to Stephen Gaitanos, co-founder and group CEO of local student housing specialist Scape.<\/p>\n<p>\u201cThere is a huge affordability crisis here at the moment and unfortunately, or fortunately, everyone wants to live within 5 to 10 kilometers of our major CBDs,\u201d Gaitanos said during the panel. \u201cBuying your own house maybe was a dream that your parents had, but it\u2019s becoming near impossible. For us, it&#8217;s just a natural evolution.\u201d<\/p>\n<p style=\"text-align: center;\"><a data-no-instant=\"1\" href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/oxford-ivanhoe-kic-savills-on-singapore-india-markets\/\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"14 NOVEMBER 2023 conrad centennial Singapore\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg\" alt=\"\"  srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-400x128.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/11\/14-NOVEMBER-2023-conrad-centennial-Singapore-640x205.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" width=\"780\" height=\"250\"   \/><\/a><\/p>\n<p>Vacancy in rental apartments across the country hit a record low of 0.8 percent last month while Melbourne, Sydney and Brisbane all had less than 1 percent availability, according <a href=\"https:\/\/www.smh.com.au\/property\/news\/no-light-at-the-end-of-the-tunnel-rental-vacancy-rates-hit-record-low-20230301-p5comv.html\">to industry data.<\/a> The double whammy of high interest rates and rising construction costs is also putting more pressure on the market as developers struggle to complete projects.<\/p>\n<h3>Global Appeal<\/h3>\n<p>The shortage of housing supply and long-term shift toward a permanent cohort of renters is helping to boost the appeal of Australia\u2019s build-to-rent sector with global investors, according to Adam Vaggelas, founding partner of GreenFort Capital.<\/p>\n<div id=\"attachment_343806\" style=\"width: 790px\" class=\"wp-caption alignnone\"><img decoding=\"async\" aria-describedby=\"caption-attachment-343806\" class=\"size-full wp-image-343806\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Scape-Lincoln-College.jpg\" alt=\"Scape Lincoln College\" width=\"780\" height=\"482\" srcset=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Scape-Lincoln-College.jpg 780w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Scape-Lincoln-College-400x247.jpg 400w, https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/02\/Scape-Lincoln-College-640x395.jpg 640w\" sizes=\"(max-width: 780px) 100vw, 780px\" \/><p id=\"caption-attachment-343806\" class=\"wp-caption-text\">Scape Lincoln College near the University of Melbourne<\/p><\/div>\n<p>With GreenFort currently developing what is planned as a 1,500 unit rental housing portfolio with Switzerland\u2019s Partners Group and American giant BentallGreenOak, Vaggelas expects more domestic and foreign capital to flow into the sector due to the attractive yields available, especially given rising uncertainty in commercial property markets.<\/p>\n<p>\u201cThe Australian housing sector has performed extremely well during the pandemic and is a very defensive asset class. The ability to hedge against inflation by resetting leases on a regular basis is very attractive in the current environment \u201d he said.<\/p>\n<p>\u201cWhen we look at housing on a cash on cash basis, with vacancy rates sitting at 1 percent and no lease up incentives required, and compare that to commercial property, net housing yields look comparatively very attractive,\u201d he added.<\/p>\n<h3>More Supply Needed<\/h3>\n<p>While the country\u2019s housing market continues to struggle with rising interest rates and limited availability of credit, Phoenix\u2019s Winduss remains encouraged by macro drivers for the sector, especially after the reopening of borders helped to boost migration.<\/p>\n<p>\u201cI think the first half of 2022 was the strongest population growth in Australia for 10 years or since 2009 and most of that was driven by migration coming back,\u201d Winduss said.<\/p>\n<p style=\"text-align: center;\"><div style=\"margin-left: auto; margin-right: auto; text-align: center; \" id=\"mingt-1320263956\"><a data-no-instant=\"1\" href=\"https:\/\/www.yardi.asia\/Resource\/?resource=Data+Centres+Fuelling+the+AI+Future+%28White+Paper%29&#038;utm_source=mingtiandi&#038;utm_medium=website&#038;utm_campaign=wp23dcai\" rel=\"noopener\" class=\"adv-link\" target=\"_blank\" aria-label=\"Yardi - Data Centre v5_250\"><img decoding=\"async\" src=\"https:\/\/www.mingtiandi.com\/wp-content\/uploads\/2023\/08\/Yardi-Data-Centre-v5_250.gif\" alt=\"Yardi - Data Centre v5_250\"  width=\"780\" height=\"250\"  style=\"display: inline-block;\" \/><\/a><\/div><\/p>\n<p>\u201cWe are bullish on the fundamentals so for us, it&#8217;s a focus right now on acquiring the right assets,\u201d he said, noting the importance of having on-the-ground teams in vetting potential acquisitions.<\/p>\n<p>For Nuveen and Scape, Australia\u2019s ongoing population growth and chronic housing shortage in the major cities provide a path forward for informed rental accommodation investments.<\/p>\n<p>\u201cThe one way to release the pressure on rental growth is obviously to create more supply, but it needs to be targeted. That&#8217;s where the role for institutional capital, but also partnerships with various levels of government, need to come in to help stimulate that new supply,\u201d Nuveen\u2019s Taylor said, noting that Nuveen\u2019s target segments in Australia\u2019s living sector currently include student housing, build-to-rent multi-family and affordable housing.<\/p>\n<p>Gaitanos said Scape is set to do its part in reducing the housing shortage with 10,000 rental units already underway to add to their 17,000 existing rooms, which keeps them on track of their goal to reach 50,000 apartments across Australia\u2019s capital cities by 2028.<\/p>\n<h3>Logistics Up Next<\/h3>\n<p>With Thursday\u2019s session having concluded the APAC Residential Forum, MTD TV will be back in May with <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/mingtiandi-asia-logistics-forum-2023\/\">Mingtiandi\u2019s fourth annual Asia Logistics Forum<\/a>.<\/p>\n<p>The upcoming event series will include panel sessions on warehouse investment across the region, including Greater China, Japan, Korea, India and Southeast Asia. Previous sessions have featured interviews with industry leaders from GLP, Hines, LaSalle Investment Management, APG Asset Management, CPPIB and more.<\/p>\n<p>In June, Mingtiandi will head to Hong Kong for its first on-location event in the city since 2019. Set for <a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/mingtiandi-hong-kong-focus-forum-2023\/\">27 June at the Sheraton Hong Kong Hotel and Towers<\/a>, the full-day event will include speakers from Link REIT, APG, JLL, Heitman and MSCI.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australian housing prices have fallen by nearly a tenth in the past 12 months, but rising construction costs and scarce credit mean that the country\u2019s housing shortage continues, with panelists in an industry forum on Thursday seeing opportunities for experienced&#8230;&nbsp;<a href=\"https:\/\/www.mingtiandi.com\/real-estate\/events\/australian-housing-crisis-creates-opportunity-for-institutional-investors-mtd-tv\/\">Read&nbsp;More>><\/a><\/p>\n","protected":false},"author":12201,"featured_media":347184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[3456],"tags":[1066,9078,5382,5359,9163,8380,8400,7413,7932,5570,6188,8570],"ppma_author":[8848],"authors":[{"term_id":8848,"user_id":12201,"is_guest":0,"slug":"beatrice-laforga","display_name":"Beatrice Laforga","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/d4be689d8f5a82939d685df6ef171fcb?s=96&d=mm&r=g","user_url":"","last_name":"Laforga","first_name":"Beatrice","description":""}],"_links":{"self":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/347181"}],"collection":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/users\/12201"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/comments?post=347181"}],"version-history":[{"count":0,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/posts\/347181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media\/347184"}],"wp:attachment":[{"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/media?parent=347181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/categories?post=347181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/tags?post=347181"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.mingtiandi.com\/wp-json\/wp\/v2\/ppma_author?post=347181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}