asia pacific report

"Since the onset of the pandemic, Australia’s major office markets have seen a flight to quality as employers look to attract and retain talent. The multi-speed nature of the office leasing market is highlighted by diverging trends in the demand for office space."

"Total retail sales declined 4.5% YoY to RMB1,021.95 billion in the first nine months of 2022. General retail sales fell 3.9% YoY to RMB946.71 billion whilst F&B sales also fell 11.6% YoY to RMB75.24 billion."

"As the PRC government has announced a nationwide loosening of its COVID  policies, lifting most travel restrictions, we expect property prices to start picking up in 2023 alongside the local economy, despite rising interest rates."

"Perhaps it is fairer to say that Hong Kong’s appeal to financial corporations  over Singapore will remain intact if more policies are implemented to  maintain its competitive edge, including normalising international travel as soon as possible."

"Pune’s share of India’s overall absorption rose to 14% in Q1/2022 from 8% in 2021. It has resulted in Pune climbing to third place among the top six cities in India."

"Prices of both new and secondhand condominiums have continued to increase on the back of strong demand. The high costs of land, labour, and materials also apply additional pressure for further price increments, and costs are unlikely to stop rising soon. Condominium prices are therefore expected to remain high especially in the Tokyo 23 Wards, although they are still more aff ordable than in other major cities such as Hong Kong and London."