Asia Pacific Cross-Sector Report Q4 2022

Explore all sectors in this single report

March 01, 2023

Highlights from the report include:

  • Office: The gap between buyer and seller expectations is unlikely to close in 2023, with exceptions in select markets, and capital values are forecast to decline 0.7% in aggregate in 2023.

  • Logistics & Industrial: Occupier demand is forecast to slow in 2023, with e-commerce demand likely moderating due to economic headwinds such as interest rates and inflation weighing on consumption growth.

  • Retail: Against the backdrop of the resilient performance of the retail sector in markets around the region, the aggregate Asia Pacific Retail Rental Index reverses twelve straight quarters of decline, registering a marginal increase during the quarter.

  • Hotels: More international travellers are returning, amid a predominance of domestic tourists.

  • Data Centres: Emerging hubs are developing across the ASEAN region and India, both challenging and supplementing existing regional hubs.

  • Residential: Residential sales slow in many markets due to macroeconomic headwinds.

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