Thought Leadership

Retail leasing momentum improves in Hong Kong SAR, backed by strong F&B demand. Strong demand and limited availability in Japan continue to characterise the retail market in Tokyo and regional cities. Market sentiment in Thailand remains upbeat, with both landlords and tenants aggressively expanding.

Momentum remains strong in Singapore as volume recovers from last year’s low base. Investment remains upbeat in India as office transactions gain momentum. Investment volume picks up in Korea but market liquidity remains a challenge.

Demand remains weak in Singapore but could improve in 2025 amid growing business confidence. Subdued market in Mainland China prompts landlords and tenants to seek cost-saving cooperation. In Korea, leasing remains thin as limited space, political turmoil and cost saving weigh on demand.

The Asia-Pacific Horizon report examines the present economic and geopolitical landscape, evaluates the challenges and opportunities within the Residential and Commercial sectors, and provides guidance on unlocking potential.