Oaktree Real Estate Opportunities Fund VII, L.P.
OAKTREE REAL ESTATE OPPORTUNITIES FUND VII, L.P.
State of the Market - Opportunity Drivers in Asia
ASIA: OPPORTUNITY SET BY COUNTRY
WAN
As of June 30, 2015
India
Southeast
Asia
Attractive Opportunities
Select Opportunities
Limited Opportunities
China
Korea
Japan
Australia
●
Confidential
Real GDP growth, growing consumer demand and stable
unemployment rates point to economic resilience in the
region. While still export-dependent, Asia remains a long-
term growth story with pockets and intervals of dislocation.
China: increasing reliance on shadow banking suggests the
real estate industry could be vulnerable to liquidity shocks
Japan: re-inflationary policies of "Abenomics" produced
positive short-term benefits, including a strengthening real
estate market in Tokyo. Japan still needs to deliver
structural reforms to sustain long-term growth
• Korea: export dependence remains a key issue; softness in
domestic construction sector may lead a wave of second-
tier multi-nationals to restructure
Southeast Asia and India: undeveloped markets and legal
systems and lack of transparency translates to unattractive
risk/reward profile
• Australia: too much capital, too competitive
25View entire presentation