Australia

“Interest rate cuts from major central banks are reducing debt costs globally and boosting sentiment in property markets, but a sustained recovery in commercial property investment activity is yet to come to fruition.”  – Katy Dean, Australia

China

“China's investment market continues to exhibit weakness in the office and logistics sectors while showing increased interest in the retail and hotel sectors.”  – James Macdonald, China

Indonesia

“Indonesia’s stable economic outlook and strong investor confidence have continued to drive positive sentiment in the property sector.” – Tommy Henria Bastamy, Indonesia

Hong Kong

“While investment volumes are likely to increase in Q4/2024 on the back of the lower cost of funds, a sustained improvement in fundamentals will be key to the long-term revival of Hong Kong’s investment market.”  – Jack Tong, Hong Kong

India

“Notwithstanding global headwinds, India has witnessed heightened investment activity, with Jan-Sept 2024 inflows surpassing 2023 full year figures. Confidence in the industrial & logistics segment is evident as it accounts for the largest share of transactions.” – Arvind Nandan, India

Japan

“Interest rates have risen in line with market expectations, and the market has remained active. Japan’s real estate still offers positive yields, and in particular, investors with expectations of rental growth remain engaged.” – Tetsuya Kaneko, Japan

Pakistan

“Pakistan's wholesale and retail sector is poised for growth, driven by economic recovery, lower inflation, and shifting consumer preferences toward supermarkets. Key opportunities await foreign investors as the sector gets formalised.” – Saud Khan, Pakistan

Philippines

“The Metro Manila office market has shown impressive resilience, maintaining consistent vacancy rates despite the introduction of new offices. This stability underscores the strong demand for prime office accommodation in the region." – Joshua De Las Alas, Philippines

Macau

“As the interest rate cutting cycle commences, the market is expected to stabilize and experience moderate recovery in the coming years.” – Franco Liu, Macau

Malaysia

“Total transactions moderated this quarter, nevertheless investment interest remains strong towards prime assets.”– Nabeel Hussain, Malaysia

Singapore

“Investment sales activity is beginning to revive due to expectations of further interest rate cuts to come and the return of ultra high net worth investors.” – Alan Cheong, Singapore

South Korea

“Although a significant number of office properties are being released onto the market, transactions are not always occurring. Trades are primarily taking place only for high-quality assets in an excellent location with stable tenants.”  – JoAnn Hong, South Korea

Taiwan

“As the technology sector continues to dominate the commercial property market, the latest cooling measures will bring more challenges to investors and developers.” – Erin Ting, Taiwan

Thailand

“Bangkok’s residential market correction is showing signs of slowing, while significant transactions have occurred this quarter in the hotel and industrial sectors." – Kunvara Boonsuk, Thailand

Vietnam

“Viet Nam’s economy is forecast to grow by 6.1% in 2024, with inflation expected to reach 4.5%. Foreign direct investment increased by 7% year-on-year, supporting industrial real estate, while international tourism and the retail sector show promising signs of recovery.” - Troy Griffiths, Vietnam