Commercial Office
Japanese investors shift focus to APAC’s alternative assets amidst high interest rate
Japanese investors are actively seeking higher returns within the Asia-Pacific region.Â
Japanese investors shift focus to APAC’s alternative assets amidst high interest rate
Japanese investors are actively seeking higher returns within the Asia-Pacific region.Â
Why APAC is well-positioned to build an ESG-compliant office portfolio in 2024
80% of buildings in the region are 40 years or younger.
Taipei CBD to see 39,000 ping of new gross leasable office space in 2024
Rents are expected to continue rising until 2027.
Singapore office completions to hit 7-year high in 2024
Two major projects are expected to be completed next year.
Osaka office rents decline by 2.9% in Q3
There is significant supply expected by next year, causing rents to trend lower.
Perth CBD office demand grows for eighth consecutive quarter
Net absorption hit 22,300sqm in Q3.Â
Office, multifamily sectors see most drop in investments
Investment in office and multifamily sectors plummet amid rising interest rates and economic uncertainty, with strategies for recovery in focus.
Sydney CBD records steepest negative office demand in Q3
Net absorption in the area was -25,100sqm during the quarter.
Tokyo’s 2023 new office supply expected to reach record levels
It’s set to be the second largest supply volume according to JLL data.Â
Seoul’s Grade A office leasing market remains healthy despite negative absorption
Demand in Gangnam reached record highs since Q1 2022.
Melbourne CBD office vacancy rate stable at 16.2% in Q3
The city recorded negative net absorption of -9,800 during the quarter.
Mumbai office leasing activity down 10.8% to 1.5m sq ft in Q3
Navi Mumbai accounted for almost a quarter of the leasing volume.
Manila office absorption increases to 20,500sqm in Q3
Thanks to a stronger leasing market.Â
Flight-to-quality, competitive rents to dominate Jakarta’s office market in 2024
No new supply is expected for next year.
Kuala Lumpur office rents reach record highs
Grade A office rents rose by 7.9% in Q3.
Hanoi Grade A office rents to grow by less than 1% by year-end
And vacancy is expected to rise significantly.Â
Hong Kong Grade A office rents down 2.3% in Q3
Hong Kong East saw the steepest decline of 4.6%.
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1. APAC demand for flex offices up 13% over the past 5 years 2. Japan new hotel supply growth to underperform 10-year average of 3.7% 3. Hong Kong office vacancy rates could surpass 20% by 2027 4. Singapore prime logistics rents up 3.6% in Q1 5. Singapore real estate investment sales to exceed $25b in 2024Resource Center
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EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges
![EY’s Seng-Leong Teh emphasises focus on resilience, tenant mix management amidst challenges]()
Co-Written / Partner
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
Discover the insights of Seng-Leong Teh as he navigates the challenges and opportunities shaping the industry today.
