"A surge in COVID cases and subsequent lockdown in March had an outsized effect on the retail market, with Shanghai’s retail sales falling 10.7% YoY in the first three quarters of 2022, with wholesale and retail sales down 9.4% YoY, and accommodation and F&B sales down 24.8% YoY After the lockdown was eased in June, consumption began to recover with consumer spending skewed towards food, though there was also a pickup in some discretionary expenditure in Q3/2022, such as NEVs (New Energy Vehicles), smartphones, jewellery and cosmetics growing by 39.8%, 6.6%, 4.9% and 1.3%, respectively."

"The Singapore office market is at the early stages of a global transformation where multinational tenants increasingly seek to be compliant with Economic Social and Governance standards set in their respective home countries. In the coming years, this pressure is going to weigh on the local real estate market, especially the office sector."

"Since the onset of the pandemic, the Tokyo office market has experienced successive rental corrections as office demand weakened. The new supply in preceding years contributed to a softening of the market. Although most of the supply in recent years is considered to be Grade A offices, the loosening in the market derived from this new supply also seems to have affected the wider market, including largescale Grade B offices."

"Since the onset of the pandemic, Australia’s major office markets have seen a flight to quality as employers look to attract and retain talent. The multi-speed nature of the office leasing market is highlighted by diverging trends in the demand for office space."

"Total retail sales declined 4.5% YoY to RMB1,021.95 billion in the first nine months of 2022. General retail sales fell 3.9% YoY to RMB946.71 billion whilst F&B sales also fell 11.6% YoY to RMB75.24 billion."

"We are currently facing a unique investment opportunity in the Iberian Hotel Market."

"The Caribbean offers a high quality of life, beaches, open space, a warm climate, and is particularly appealing for those looking to escape northern-hemisphere winters."