asia pacific report

"Condominium prices in Tokyo 23W  have hit new highs due to continued demand from residents, consistently low interest rates, and stronger wage growth. Meanwhile, elevated construction, land, and labour costs have added additional upward price pressure and have constricted supply."

"The local government has demonstrated a strong determination to stabilise housing market development with a profound policychange after 14 years, incubating a surge in site visits and purchases during the National Day holiday. Nonetheless, a full recovery of purchasing sentiment will still count on an improvement in macroeconomics, employment and spending."

"Singapore food factories are fast becoming a new asset class. With labour shortages and the high operating overheads F&Bestablishments face, more have migrated their in-situ kitchens to food factories to protect their margins."

"Chengdu retail market’s new projects have become more diverse, adding much freshness to the market. Apart from the opening of new shopping malls and renovated projects, nontraditional retail projects have continued innovating retail space, exploring new possibilities for Chengdu retail development."

"Beijing’s retail market performed steadily in 2024, posting moderate growth while newly launched projects improved the consumptionenvironment in non-prime and suburban submarkets."

"Propelled by robust manufacturing growth, Viet Nam’s industrial market has posted a strong performance, characterised by high occupancy and healthy rental growth. Looking ahead, the market is expected to remain attractive to investors, supported by resilient demand and favourable drivers."

"Taiwan’s steady economic growth is supporting its retail market, but the pace of international tourist returns remains a key factor. With new large-scale shopping malls opening, operational efficiency and customer engagement will be critical for sustaining revenue growth in a competitive landscape."