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Industrial & Logistics

Hong Kong Industrial 2H/2022

From the publication: Asian Cities Report 2H 2022

"The city continued to struggle against a confluence of downside risks including a slowing domestic economy, stringent border policies, rising interest rates and an uncertain macro-outlook. Total imports and exports of goods and services are expected to drop by 9.9% YoY and 10.3% YoY respectively due to restrictions on crossborder activity with mainland China and the deterioration in demand from the rest of the world."

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Office & Business Space

Kuala Lumpur Offices 2H/2022

From the publication: Asian Cities Report 2H 2022

"2022 witnessed the relaxation of COVID-19 restrictions and the reopening of various economic sectors as Malaysia transitioned to the endemic phase. As a result, the Gross Domestic Product (GDP) in Q3/2022 recorded a significant YoY growth of 14.2% to RM383.8 billion, an increase of RM47.6 billion from Q3/2021. "

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Sustainability

Korea ESG 2H/2022

From the publication: Asian Cities Report 2H 2022

"According to the United Nations Environment Programme in 2020, global building operations accounted for about 31% of total energy consumption. As a result, measures have been taken worldwide to reduce total emissions via the implementation of policies on eco-friendly construction and energy efficiency of existing buildings, and Korea has also made efforts to keep pace with the global trend."

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Industrial & Logistics

Metro Manila Logistics 2H/2022

From the publication: Asian Cities Report 2H 2022

"As core inflation rose to 5.9% in October from 4.5% in September, the Philippine economy beat consensus forecasts after increasing by 7.6% in Q3/2022.  Household consumption continued to support the economy after growing by 8.0% despite inflation eating into household incomes. The strong OFW remittance inflows and expanding IT-BPM sector are projected to maintain their respective growth trajectories amidst a slowing global economy. "

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Retail

Shanghai Retail 2H/2022

From the publication: Asian Cities Report 2H 2022

"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."

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Residential

Bangkok Residential 2H/2022

From the publication: Asian Cities Report 2H 2022

"The figures show that Malaysia has taken top spot in terms of the number of tourist visitors to Thailand this year, beating the prepandemic conqueror, China. The Baht has suffered as a result of the Fed’s aggressive posture on interest rates, as well as demand for safe-haven currencies. Rising interest rates and tourism income should help the Baht gain momentum towards the end of 2022 and into 2023. "

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research Article

Industrial & Logistics

Taiwan Industrial 2H/2022

From the publication: Asian Cities Report 2H 2022

"Several factors, such as the uncertainties surrounding the global economy, high inflation levels, the invasion of Ukraine by Russia, and the slowing demand for consumer electronics have inevitably had a negative impact on Taiwan’s economy. The Directorate General of Budget, Accounting, and Statistics (DGBAS) has revised Taiwan’s GDP projections for 2022 and 2023 to 3.76% and 3.05%, respectively."

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