"In contrast to recent historical experience, price growth for units could potentially outperform houses in the coming years, as the discount for units coupled with strong rental growth and the ongoing demandsupply imbalance for apartments drives stronger capital growth."

"Thailand welcomed 7.2 million visitors in Q3, and this was reflected in the performance of Thai hotel operators and the broader economy."

"The new generation of Grade A strata office buildings is set to establish elevated standards which prioritise sustainability and wellbeing, thereby enhancing asset value. This trend is encouraging property developers to include more ESG-compliant features, state-ofthe-art green technology and health and wellness amenities."

"Strong demand, high construction and land costs have contributed to elevated prices of both new and second-hand condominiums in Osaka. Wage growth has been slow in omparison, and many people will likely be priced out and required to stay in the rental residential market."

"With more completions and softer economic conditions, rents for private residential properties are starting to show signs of inflecting. However, any decline is likely to be shallow and not back to levels where the sharp increase began in early 2021."

"Beijing retail market experienced a positive recovery trend and consumption boom in 2023, boosted by sufficient supply and demand after the three-year pandemic."