asia pacific report

"Beijing’s Grade A office market is picking up, with rents and volumes rising hand-in-hand in Q3/2021. The recovery from the impact of COVID-19 has been much faster than the market expected."

"The Chengdu government released its 14th Five-Year Plan earlier this year, proposing to develop the city as a domestic and international dual circulation hub. Chengdu Tianfu International Airport started operations at the end of June 2021."

"Malaysia’s economy was affected by political upheaval and prolonged movement restrictions for most of 2021. In the first nine months of 2021, the country’s Gross Domestic Product (GDP) climbed by 3.0% compared to a low base in the same period of 2020 due to the economic shutdown on the outbreak of COVID-19."

"Cumulative online sales up to Q3/2021 increased 18% YoY, while total retail sales increased 8% during the same period. Between 2017 and Q3/2021, the rapid shift to online retail channels has lifted the online sales penetration rate from 17% to 28%."

"We have at times been asked by institutional investors, credit risk managers and sophisticated tenants what the typical length of the Singapore office rental cycle is."

"While relatively youthful compared to many developed world cities, with increasing life expectancy and decreasing fertility and mortality rates, Viet Nam is still faced with an ageing population."

"Heading into the last quarter of 2021, Thailand’s economy is slowly emerging from the shadow of the pandemic with a substantial reduction in the rate of infected cases and an improvement in recovery rates among patients."

"The Hong Kong retail property market has been faced with significant challenges over recent years, struggling with the impact of the social unrest in 2019 as well as the global COVID-19 pandemic."