asia pacific report

"With the lockdowns instituted to contain the spread of SARs-COVID2 behind us for over a year, one would have believed that the retail sector would have returned to normalcy. "

"The Thai economy is projected to grow at an accelerated rate of 3.2% YoY in 2024, with a forecast range of 2.2 to 4.2% supported by private sector consumption and exports."

"The booming trend of AI technology applications has positioned Taiwan as a crucial player in the global technology supply chain."

"The Tokyo office market has begun showing signs of recovery after the downturn brought about by the pandemic. As of Q1/2024, average Grade B office1 rents and occupancies have rebounded from their respective troughs seen in Q3/2023 and Q3/2022."

"Chengdu’s GDP reached RMB2207.47 billion in 2023, ranking 7th among all Chinese cities. Tertiary industry added value reached RMB1510.90 billion, up 7.5% YoY."

"Ha Noi is a significant economic centre, however, the city experienced only moderate growth in Q1/2024 as gross regional domestic product (GRDP) growth hit 5.5% year-onyear (YoY)."

"Beijing office market showed signs of recovery and performed better than expected at the beginning of 2024. After the pandemic from previous years, the overall economic has recovering steadily. Leasing demand in the Beijing office market saw a decent rebound in Q1/2024."

"India’s growth has been remarkable in recent few years, at a time when tensions and inflationary issues have scarred the global economic landscape."

"Pakistan’s economy is showing signs of improvement with a stable exchange rate and a decline in inflation, signaling growing resilience and improved macroeconomic activity."

"In 2023, total retail stock inclusive of hypermarkets in Greater KL grew by 3.3% year-on-year (YoY) to 75.1 million sq ft, representing 9.3 sq ft per capita, with Outer KL holding a 55% market share."