"Since the entry of Oakwood Gold Arch Residence Guangzhou on Ersha Island to the market in 2000, the Guangzhou serviced apartment market has developed for more than two decades."

"After a period of exceptionally strong growth coming out of pandemic restrictions, consumer spending is slowing as the impact of higher interest rates and inflation begin to bite. Nominal retail sales rose by 0.4% in March, with annual growth slowing to 5.4%, down from a peak of nearly 20% in mid-2022, and the slowest growth rate in 18 months."

"Beijing office market kicked off with a slow start in 2023. The removal of COVID restrictions guaranteed business activities back to normal while enterprises resumed their leasing plans. Grade A office leasing inspections in Beijing rebounded swiftly, but it is still expected to take time for this to translate into new leases or for self-sustaining momentum to gain sufficient steam."

"The tourism industry has played a significant role in the economic recovery of Macau. The city’s gaming revenue saw an astounding YoY growth of over 300%, reaching 49.3 billion in the first four months of 2023. Moreover, statistical data as of April 2023 indicates that the rebound in gaming revenue has exceeded the quarterly target and is expected to continue its upward trend."

"Co-living is defined as a form of rental housing which includes shared living rooms and kitchens apart from private rooms within a single building."

"In 2022, Malaysia’s economy experienced a significant rebound alongside the country’s transition into an endemic phase and the reopening its borders, beginning 1st April 2022. However, at the start of 2023, the pace of economic growth started to moderate. "

"The pandemic has expedited demand for digital infrastructure in Japan, which has served as a catalyst for economic growth and investment, with foreign direct investment into communications having seen significant increments over the past few years to more than JPY300 billion in 2022."

"Since the Taiwanese government lifted COVID-19 restrictions in mid-October last year, the tourism market has gradually reopened. As of Q1/2023, the number of visitors to Taiwan reached approximately 1.1 million, approximately 40% of total tourist numbers during the first quarter of 2019."

"With increasing economic challenges and the shedding of workers in the tech industry, the Singapore office market is now at a crossroads. Although many tenants have been impacted by the troubles afflicting their respective industries, their office leases still have a reasonable runway left, courtesy of signing long term leases when times were good. However, today, more find themselves with space which they do not need and are actively trying to lease out."