AUSTRALIA

“Australia has been at the top of the list in terms of cross-border investment within the APAC region over the past couple years and this trend is expected to continue.” – Katy Dean, Australia

CHINA

“Many of the critical issues facing China over the last year, namely zero COVID policy disruption, lack of government support for the property sector, and souring international relations, seem to be turning a corner in the last months of 2022, giving cause for increased optimism. Nevertheless, while the policy direction may be more encouraging, there remain unanswered questions about the broader state of the economy and the longer-term strategy for addressing these issues.”  – James Macdonald, China

INDONESIA

“In midst of the continuing modest demand absorption across most property sectors, the G20 provided a boost to the hotel sector in Jakarta and Bali over Q4/2022.” – Tommy Henria Bastamy, Indonesia

HONG KONG

“Hong Kong’s property markets posted a subdued final quarter as slow growth combined with rising rates and a strong dollar kept investors on the sidelines.” – Simon Smith, Hong Kong

INDIA

“India witnessed investment inflows across most property segments in 2022, prominent among which was the office sector. Going forward, growth segments including data centres and life sciences are expected to provide lucrative opportunities in 2023.”– Arvind Nandan, India

JAPAN

“After the BOJ’s widely reported policy revision, investors have become more cautious, but a majority continue to pursue new investment opportunities, and the mature Japan market is expected to prove more liquid in 2023.” – Tetsuya Kaneko, Japan

PAKISTAN

“The fourth quarter showed signs of improvement compared to Q3 with the rupee stabilizing at an average of PKR224 to the US dollar after falling to a record low at the end of July.” – Nadine Malik, Pakistan

MALAYSIA

“2022 concluded with the focus still firmly on industrial and logistics assets, as over RM1.5 billion worth of transactions were concluded in the sector during the final quarter of the year, and there are expectations for additional major transactions during the first half of 2023.” – Nabeel Hussain, Malaysia

SINGAPORE

“Interest rates are now reigning in institutional investors, leaving private investors to dominate the market.” – Alan Cheong, Singapore

SOUTH KOREA

“Overall investment activity contracted while the office sector proved relatively robust. Going into 2023, pricing is likely to experience downward pressure as market participants wait for discounted opportunities.” – JoAnn Hong, South Korea

TAIWAN

“Market momentum slowed in the final quarter of 2022 as the gloomy economic outlook and rising interest rates caused end-users, especially technology companies, to adopt a conservative attitude.” – Erin Ting, Taiwan

THAILAND

“The suburban market is heating up as more businesses have opened stores in 2022. The inflow of international tourists is bouncing back, raising hopes for a full recovery.” – Puncharas Angkeaw, Thailand

VIETNAM

“Despite global headwinds, Vietnam will continue to perform well in 2023, underwritten by a strong domestic economy and healthy FDI. While legal, debt and bureaucratic hurdles exist, the long-term fundamentals remain sound.” – Troy Griffiths, Vietnam