On the rise

Property derivatives


The Asia-Pacific region has been something of a focus for property derivatives dealers in the past few months. In February, the first property derivatives trade was conducted in Hong Kong, with Australia reporting its first transaction just a few months later in May. Now, it is Japan's turn to get a property derivatives market up and running, with the first deal announced in late July. It is the world's second largest real estate market, with the amount of commercial office space in Tokyo al