Asian commercial real estate markets remain stable – Colliers
According to Colliers’ Q1 2024 APAC Cap Rates Report across 19 markets, oversupply and rental pressure were key factors driving cap rate movements for office, retail, and industrial sectors.
According to Knight Frank Thailand, occupied space decreased by 0.7%, leading to a 3.2 percentage point drop in the overall occupancy rate to 84.4% due to geopolitical tensions and rising freight rates.
Shortage for industrial spaces in Northern Metropolis - CBRE
According to CBRE, the relocation of Northern Metropolis brownfield sites will create significant demand for industrial leasing, with potential shortages of up to 15.5 million sq. ft. of industrial space projected from 2024 to 2029.
Asia-Pacific region tops luxury residential market performance in 2023: Knight Frank
Latest edition of The Wealth Report by Knight Frank reveals that despite interest rate hikes, 80% of global prime residential markets saw either flat or positive annual growth in 2023. Luxury prices rose by 3.1% on average, with the Asia-Pacific region leading at 3.8%.