"In local terms, prime office rental markets in most cities are now in a late up-cycle. The prime markets recorded rental movements from -4.8% (Jakarta) to +8.3% (Sydney). Investor appetite was strong for Sydney CBD office assets in 2018, with record high capital values and a low vacancy rate of less than 4%. Hong Kong continued to outperform other cities and remained as the most expensive prime office market in the region, with rents hitting nearly US$300 per sq m net pm, more than double its closest rival, Tokyo."
We pride ourselves on our in-depth property research. Our specialist teams offer insight into current market trends and predictions for the future to help you make the right property decisions.
"Business travel may suffer from the ongoing economic uncertainty, but China’s tourism sector saw upticks in arrivals indicating that there isstill solid demand from both domestic and international travellers.”"
"The US dollar depreciated against most Asian currencies by between 0.6% and 6.8% during the first half of 2017. This is reflected in the rental values of income-producing assets in Asia which have become relatively more costly in US dollar terms."
"Phuket and Bangkok have built numerous hotels over recent years and as a result, suitable greenfield sites are now limited, and hoteliers are now seeking to refurbish existing properties."
"Should concerns over the macro-economy begin to rise in Asia and particularly China, and the ‘bid-ask’ gap widens in Japan, Singapore and Hong Kong, we will expect to see a slow down in hotel transaction activity."