asia pacific report

"Enhanced transportation links are boosting the CBD’s pulling power. The Sydney Metro extension, completed in August 2024, now connects Chatswood on the North Shore to Sydenham in the south-west, passing through Victoria Cross in North Sydney, Barangaroo in the north-west of the CBD, and Martin Place in the CBD Core."

"Lahore’s corporate office market is evolving rapidly, fueled by economic expansion, rising entrepreneurial activity, and a preference for modern and centrally located developments. The sustained demand underscores the city’s emergence as a prime destination for businesses and investors alike."

"Amid rising distressed asset transactions and declining new supply, foreign investors are seizing prime opportunities, while domestic institutional investors remain cautious."

"Amidst ongoing economic uncertainty and various global challenges, the premium or luxury apartment market made only very modest progress in 2024, registering small increments in supply and demand."

"Despite the challenges facing the manufacturing market, demand for high-grade factories remains strong, driven by a government-led push to lead the way in new economy industries such as NEVs, solar panels, and batteries. China reigns pre-eminently in these fields while it continues to look for new industrial highlands."

"The removal of extra stamp duty to non-first-time homebuyers lead more buyers from this group to enter the market. The proportion of buyers who already owned one or more residential properties stood at 44%, a significant increase from only 16% during the same period in 2023."

"The hospitality market outlook in Kuala Lumpur looks promising as more international brands are set to open and exciting new attractions, including Michelin-rated restaurants, will continue to drive the market’s recovery."

"The flourishing retail sector in the Philippines’ capital is being driven by a diverse consumer population and a growing demand for both local and international brands in key submarkets. As a result, new retail developments and the expansion of existing shopping hubs are rising to meet this increasing demand."

"Thailand is emerging as a regional data centre hub, driven by rapid digitalisation, robust infrastructure, and strategic investments from global tech giants. With a thriving digital economy and strong connectivity, the country offers promising opportunities for hyperscale data centres, underpinned by renewable energy and secure operations."

"Condominium prices in Tokyo 23W  have hit new highs due to continued demand from residents, consistently low interest rates, and stronger wage growth. Meanwhile, elevated construction, land, and labour costs have added additional upward price pressure and have constricted supply."