asia pacific report

"Since the onset of the pandemic, the Tokyo office market has experienced successive rental corrections as office demand weakened. The new supply in preceding years contributed to a softening of the market. Although most of the supply in recent years is considered to be Grade A offices, the loosening in the market derived from this new supply also seems to have affected the wider market, including largescale Grade B offices."

"The Singapore office market is at the early stages of a global transformation where multinational tenants increasingly seek to be compliant with Economic Social and Governance standards set in their respective home countries. In the coming years, this pressure is going to weigh on the local real estate market, especially the office sector."

"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."

"Several renowned retail brands have increasingly set foot or expanded in Shenzhen in the last two years as the city has continued to leverage its economic resilience and strong demographics. However, the retail property leasing market has demonstrated a growing concern for the recurrent covid cases and more fundamentally, the related prevention and control measures with negative consequences for the retail operations across the board."

"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."