Asia Pacific Research

Savills has earned an outstanding reputation for providing incisive commentary on the Asia Pacific property markets. In offering objective advice we enable you to make informed property related decisions and ensure your predefined goals are realised in full.

We supply regular intelligence to key developers on the commercial, retail and residential leasing and sales markets and advise multinational companies on their office requirements.

We undertake analysis of occupational costs for those wishing to examine their present and future accommodation overheads. Through detailed consultation with each client we can ascertain all key inputs and compile a thorough understanding of future space needs and location criteria.

We prepare monthly property market briefings for all the Asia Pacific markets we operate in order to assist decision makers in formulating effective strategies for leasing, purchasing or developing. Individual reports can be tailored to meet specific client needs.

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Research search results: 1633 found

 
Hong Kong Investment 2H 2018

Hong Kong Investment 2H 2018

26 September 2018

Hong Kong’s property markets have seen a remarkable period of growth since 2009 driven by an array of positive drivers, both domestic and foreign. Measures put in place to address the parlous state of the world’s major economies post Global Financial Crisis (GFC) resulted in abundant liquidity and extremely low interest rates. Because of the US/HK Dollar peg, interest rates in the territory fell in tandem (and in inflation adjusted terms have been in negative territory for the past ten years), while excess liquidity found its way into local stock and property markets.

 
 
 
Kuala Lumpur Office 2H 2018

Kuala Lumpur Office 2H 2018

26 September 2018

Greater KL continues to see supply growth, although in 1H/2018, all 1.86 million sq ft of this space was located in suburban areas. In keeping with longer term trends, about 15-20% of the new supply came in the form of stratified offerings, which generally do not compete well with the remaining en-bloc space available in the market.

 
 
 
Macau Residential 2H 2018

Macau Residential 2H 2018

26 September 2018

Macau’s economy is expected to grow at its fastest pace yet, with real GDP in the first half of 2018 increasing by 7.6% year-on-year (YoY). This growth is supported by Macau’s pillar industries of gaming and tourism, with increases in gaming revenue and visitor spending. In the first half of 2018, gross gaming revenue (GGR) reached MOP150.22 billion, increasing by 18.9% quarter-on-quarter (QoQ); it’s the biggest jump since February 2014. January to May 2018 spending by visitors (excluding gaming) reached MOP21.8 billion, up 28% YoY, and from  May to July of 2018, the unemployment rate  decreased gradually to 1.8%, the lowest jobless rate since 2017. The median income of local residents is now MOP19,000 per month.

 
 
 
Pangyo Office 2H 2018

Pangyo Office 2H 2018

26 September 2018

Located south-east of downtown Seoul, Pangyo is a planned city in Gyeonggi province which the Government developed to alleviate Seoul’s housing shortage and accelerate IT industrial development. To prevent the city from becoming a commuter town and to be self-contained, the central and Gyeonggi provincial government constructed a venture valley called Pangyo Techno Valley I (First Pangyo) at Bundang-gu, Seongnam-si covering a 660,000 sq m land site.

 
 
 
Shanghai Retail 2H 2018

Shanghai Retail 2H 2018

26 September 2018

China’s economy slowed to 6.7% in Q2/2018 amid signs that the financial de-risking and the China-US trade war were starting to have an impact on businesses. Domestic consumption has become an increasingly important driver of growth, supported by the government’s efforts to rebalance the economy as well as advancements in online sales platforms and improvements in the physical market.

 
 
 
Shenzhen Residential 2H 2018

Shenzhen Residential 2H 2018

26 September 2018

Located at the southern tip of the Pearl River Delta and bordering Hong Kong, Shenzhen is a relatively new city with only 40 years of history. The city grew from a small farming village to become one of the four tier-one cities in China. Its rapid population growth and economic development are a result of its designation as a Special Economic Zone, established by the central government in the late 1970s, as well as its close proximity to Hong Kong.

 
 
 
Singapore Investment 2H 2018

Singapore Investment 2H 2018

26 September 2018

In Singapore, real estate investment in Q2/2018 continued to grow strongly, recording S$10.53 billion in sales. This was 4.7% higher than the S$10.06 billion recorded in Q1/2018.

 
 
 
Taiwan Hospitality 2H 2018

Taiwan Hospitality 2H 2018

26 September 2018

As the tension between Taiwan and Mainland China continued unchanged, the number of inbound arrivals remained stable in 2017. However, the tourism market witnessed its lowest growth rate in overseas tourist numbers since 2003, up a marginal 0.46% to 10.74 million. The significant decrease in mainland visitors caused a huge impact. Arrivals dropped by 22.19% year-on-year (YoY), and the mainland market share decreased from 33% to 25% as well.

 
 
 
Tianjin Office 2H 2018

Tianjin Office 2H 2018

26 September 2018

Tianjin’s economy has recorded outstanding growth over the past decade, maintaining an average yearly rise of over 10%. However, GDP growth in 2017 was merely 3.6%, down from the 9% growth seen in 2016. Sentiment in the city took a dip after the local government announced a revision to the city’s economic engine - Binhai New Area’s 2016 GDP – from one trillion yuan in GDP to RMB665.5 billion last year. By the end of 1H/2018, Tianjin GDP was at RMB992.7 billion, up 3.4% year-on-year (YoY). The tertiary sector remained the largest contributor (55.3%) with growth of 5.3%, followed by the secondary sector (44.1%), which increased by 1.5%. This also showed the city’s transformation from being a manufacturing-oriented economy to a more service-oriented one. 

 
 
 
Tokyo Office 2H 2018

Tokyo Office 2H 2018

26 September 2018

As the Japanese economy has grown under Abenomics, large-scale Grade B office1 metrics in the central five wards (C5W)2 have improved. A strong economy, with growing corporate profits and fierce competition for talent, is buffeting rents as tenants chase increasingly scarce office space. Concerns of secondary vacancy as a result of the Grade A supply boom have not yet materialised; even unaccommodated demand appears to be spilling over from Grade A to large-scale Grade B. Against this backdrop, large-scale Grade B offices in particular look well placed as they are simultaneously able to tap into the large tenant pool of small- and medium-sized companies as well as cater to displaced Grade A tenants. As opportunities to acquire Grade A offices are limited, Grade B properties should be increasingly attractive with relatively higher yields.

 
 
 

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Simon Smith

Simon Smith

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+852 2842 4573

 

Jack Tong

Jack Tong

Director
Research & Consultancy

Savills Two Exchange Square

+852 2842 4213

 

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