asia pacific report

"In contrast to recent historical experience, price growth for units could potentially outperform houses in the coming years, as the discount for units coupled with strong rental growth and the ongoing demandsupply imbalance for apartments drives stronger capital growth."

"The expanding supply in the Chongqing retail property market in recent years has further intensified market competition. In addition to continuing to optimize the brand and format mix, future business projects need to pay more attention to how to innovate the operation model and enhance competitiveness with higher quality services."

"Chennai’s remarkable ascent to the third place in India’s office leasing markets is owing to a dynamic real estate landscape which has played a pivotal role in the country’s commercial office sector growth."

"Thailand welcomed 7.2 million visitors in Q3, and this was reflected in the performance of Thai hotel operators and the broader economy."

"Beijing retail market experienced a positive recovery trend and consumption boom in 2023, boosted by sufficient supply and demand after the three-year pandemic."

"Despite strong ongoing macroeconomic headwinds, Lahore’s residential market has grown steadily on the back of strong population growth, rural to urban migration, and interest from both owner occupiers and investors, resulting in steady demand for centrally located developments with high quality finishing and amenities."

"The new generation of Grade A strata office buildings is set to establish elevated standards which prioritise sustainability and wellbeing, thereby enhancing asset value. This trend is encouraging property developers to include more ESG-compliant features, state-ofthe-art green technology and health and wellness amenities."

"The government, prior to the 2024 policy address, announced substantial changes to Macau’s real estate policy. These modifications focus on two main areas: the elimination of the additional 5% stamp duty for second residential property purchases and the dissolution of the mortgage percentage for local residents in favor of a unified mortgage limit of 70%."