Southeast Asia (SEA) is expected to be one of the leading sources of growth for the global economy as the United States and Europe tiptoe around a potential recession. Cushman & Wakefield’s latest paper explores how SEA real estate market is positioned to develop given the latest economic and property trends. The report looks at the impact of China’s re-opening and rising interest rates and provide our views on investment opportunities, rents and capital value outlook for major property markets in SEA.
Download the ReportDownload the Report Read MoreDespite the rapid change and uncertainty experienced worldwide last year, CBRE retains a relatively positive outlook for the Asia Pacific commercial real estate market in 2023.
From an economic perspective, inflation is expected to ease, and interest rates in the region are set to stabilise in the second half of 2023.
Office demand will be solid, driven by the recovery in mainland China, while retailers will adopt a positive, albeit prudent, approach to expansion.
Logistics demand is forecasted to pull back as e-commerce growth normalises, while hotel performance is expected to surpass pre-pandemic levels.
In the capital markets, investors will stay in wait-and-see mode until there is firm evidence that interest rates have peaked, with purchasing expected to pick up significantly in the second half of the year.
This report was originally published in https://www.cbre.com/insights/books/asia-pacific-real-estate-market-outlook-2023
Download the ReportDownload the Report Read MoreEconomy
Office
Industrial
Retail
Residential
Capital Markets
This report was originally published in https://www.cbre.com.sg/insights/reports/2023-singapore-real-estate-market-outlook
The 2023 Colliers Global Investor Outlook provides insights from the global survey of our international investor client base, technically analysed by our industry-leading research teams along with views and perspectives from Colliers’ senior experts across markets globally.
Real estate is by no means immune to the volatility impacting capital markets. Yet, it’s also immediately evident that the fundamentals around real estate remain strong. Investors are highly attuned to some advantages that today’s scenario present across asset classes.
As the report highlights, a recalibration is underway in many markets, that we expect to continue well into 2023. Colliers’ consensus is that the global real estate market will start to stabilise by mid-2023 as more certainty emerges around the interest rate outlook. We recommend investors view recent trends not so much as a downturn but as a return to relative rationality.
This report was originally published in https://www.colliers.com/en-sg/research/2023-global-investor-outlook-apac-highlights
Download the Report Read MoreStorm Clouds Gather
Asia Pacific property markets face a number of battle fronts in 2023. The first is external to the region as the war in Ukraine combined with post-COVID supply chain disruption has fueled inflation causing central banks to raise rates and in doing so cool growth. This is nowhere more apparent than in the US and Europe, the final demand markets for Asia’s exports. The second is within the region itself and concerns its largest economy, China, which accounts for 53% of the region’s GDP and almost a third of all manufactured products. A low growth and, thanks to zero-COVID policies and a more assertive political direction, more isolated China, is depriving real estate capital of a universe of investment opportunities while funds flowing out of the Mainland have slowed to a trickle. The final battle front is longer term and structural and concerns how people work and shop and how new technologies are tearing down the old boundaries between asset classes while creating new ones in an orgy of creative destruction. Something familiar to markets globally.
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