research

"Chengdu’s GDP reached RMB2,082 billion in 2022, an 2.8% increase YoY, and the total economic output exceeded 2 trillion for the first time. The tertiary industry growth value reached RMB1,382 billion, up 1.5% YoY."

"The tourism industry has played a significant role in the economic recovery of Macau. The city’s gaming revenue saw an astounding YoY growth of over 300%, reaching 49.3 billion in the first four months of 2023. Moreover, statistical data as of April 2023 indicates that the rebound in gaming revenue has exceeded the quarterly target and is expected to continue its upward trend."

"With increasing economic challenges and the shedding of workers in the tech industry, the Singapore office market is now at a crossroads. Although many tenants have been impacted by the troubles afflicting their respective industries, their office leases still have a reasonable runway left, courtesy of signing long term leases when times were good. However, today, more find themselves with space which they do not need and are actively trying to lease out."

"Chongqing’s GDP reached RMB2,083 billion in the first three quarters of 2022, a 3.1% increase YoY. The growth value of the tertiary industry reached RMB1,109 billion, up 2.5 ppts YoY. The investment market remained stable from 2021 to 2022, with seven bulk transactions recorded."

"The figures show that Malaysia has taken top spot in terms of the number of tourist visitors to Thailand this year, beating the prepandemic conqueror, China. The Baht has suffered as a result of the Fed’s aggressive posture on interest rates, as well as demand for safe-haven currencies. Rising interest rates and tourism income should help the Baht gain momentum towards the end of 2022 and into 2023. "

"Several factors, such as the uncertainties surrounding the global economy, high inflation levels, the invasion of Ukraine by Russia, and the slowing demand for consumer electronics have inevitably had a negative impact on Taiwan’s economy. The Directorate General of Budget, Accounting, and Statistics (DGBAS) has revised Taiwan’s GDP projections for 2022 and 2023 to 3.76% and 3.05%, respectively."

"Ho Chi Minh City (HCMC) is the country’s economic hub. The city’s population stood at 8.3 million in 2015 and had reached 9.1 million by 2021, just short of the 10 million residents required to be a ‘megacity’. Approximately 80% are urban residents due to the influx of migrant workers. Net-migration reached 21.8‰ in 2021. "