In Focus

Fit out costs in APAC grew 4.5%, with the biggest increases seen in Australia, Singapore, Malaysia, and South Asia.

Supply grew from just 700MW to 3,000MW.

Rents grew 12.1% in this city year-on-year.

Overall, the industry is set for a robust improvement and stronger prospects.

Transaction volumes grew 16% to USD8.4b in the first nine months of 2022.

Investment declined 29% in the region, but this country saw a 15% jump during the quarter.

Asking rents rose 14.9% in the year to September.

Chuan Park condo was sold for $890m, the largest deal since Tulip Garden was sold 4 years ago.

Korea accounted for the largest share of US$2.8  billion in the first half of the year.

Over half of APAC firms say remote working is likely to be available to all by 2025.

Monthly rents rose 2.9% to SGD11.06 per sq ft, surpassing the pre-pandemic peak.

Muji and Nike opened 1,400sqm and 1,300sqm stores, respectively.

The double whammy of inflation and interest rate hikes will further dampen market demand. 

Nearly 1.7m sqm of new space was introduced in H1 2022.

Seibu department store will anchor the project with 250,000 sq ft of floor space.

They are responsible for 5% of the condo units in Greater Jakarta.