"Bangkok’s office occupiers are reviewing corporate space requirements in light of the emergence of flexible-working practices. Landlords are therefore under increasing pressure to lower  rents to retain tenants, a challenge likely to intensify as a wave of new office supply begins to enter the market."

"Beijing’s retail market is still recovering from the fallout of COVID-19. The Beijing government is utilising multiple strategies to help boost consumption, with extending the operating time of shopping malls and establishing the “One Policy for One Retail Store” plan to renovate and upgrade old retail projects serving as notable examples."

"Given the city’s reliable power supply, rich network connectivity, low climate risk, and strong data protection, Hong Kong is well positioned to serve as a regional data centre hub."

"Though Chongqing is still recovering from the effects of COVID-19, there are bright spots in the city’s retail market. In particular, many international brands launched their first stores in Western China in the city, providing more a wider range of exciting shopping options for locals."

"Tokyo’s ultra-luxury residential market has been growing, with demand bolstered by a sound domestic base and increasing interest from UHNWIs abroad. While the COVID-19 pandemic has slowed transaction activity, this sector is likely to expand further and benefit from the recovery of inbound visitors."

"A strong government focus on infrastructure spending and investment will help to stimulate economic activity to the benefit of Australia’s commercial property markets."

"Certain factors including the mortgage policy of Q1/2019 have caused price trends to vary between small units and large units."

"Impending new supply with better M&E coupled with the flight-to-quality phenomenon suggest that older buildings might suffer from greater obsolescence in the coming years, leading to a potentially higher vacancy risk."

"Korea’s E-commerce market landscape is forecast to experience changes in 2021. Amazon, previously reluctant to enter on intense competition, has recently announced a partnership with a domestic market leader, and other major companies have announced growth plans through M&A and strategic alliances. These market changes are expected to drive up total logistics transaction volumes."

"With limited new CBD supply over the short term, new market entrants will be challenged.  However, there is a wave of redevelopment underway in suburban street shops and larger mixed use developments."