Climate poses ‘high risk’ to Asia-Pacific real estate assets, XDI report warns 

A report published by climate risk consultancy XDI has issued a warning, revealing that nearly one in ten properties owned by leading real estate investment trusts (REITs) in the Asia-Pacific region are at a ‘high risk’ of damage from climate change. The report highlights the severity of the risk, particularly in coastal regions. 

“The report exposes the particular vulnerability of coastal properties, the rapid escalation of key hazards to 2050 and beyond and identifies the geographic areas most at risk”, Philip Tapsall, lead author of the report, wrote in his statement.