Research Archives

Macau Residential - 1H 2018

01 May 2018

The Macau Government launched an industry restructuring and multi-development policy in 2015, which pulled the economy back to positive growth in 2017. Macau, with gambling and tourism as its mainstays, suffered from a GDP drop of 21.6% in 2015 due to the sustained downturn in external demand and in the global economy. After experiencing a deep adjustment period in the gaming industry, Macau GDP resumed positive growth in Q3/2016, with a seasonal increase of 5.8% to MOP92 billion. This year's GDP growth rate continued the return to positive and steady gains. GDP for 2017 reached MOP404 billion, a growth rate of 11.7% on a year-on-year (YoY) basis, indicating good economic momentum.

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Seoul Logistics - 1H 2018

01 May 2018

Imports/exports and e-commerce sectors have undergone significant growth, as is the case in most economies. According to the Ministry of Oceans and Fisheries, container freight volumes grew 12% in 2017. Strong export growth from the petrochemical and automobiles industries has driven this increase.

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Shanghai Industrial - 1H 2018

01 May 2018

Shanghai, in addition to being China’s financial centre, is also one of the country’s key industrial centres, and plays a vital role in R&D for heavy industry in the Yangtze River Delta (YRD) and China as a whole. Home to world’s busiest container port, Shanghai also play an important role in the global logistics industry. A dramatic transformation in China’s industrial, logistics and data centre markets over the last five years has seen increasing investment interest in those sectors, leading to cap rate compression and policy changes.

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Shanghai Office Briefing - Spring 2018

01 May 2018

New projects in core areas pushed up vacancy rates by 0.5 percentage points to 12.4% in Q1/2018.

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Shanghai Residential Leasing Briefing - Spring 2018

01 May 2018

Shanghai rents rebounded across the board in Q1/2018. Q1 growth made up the falls from the final quarter of 2017 for a solid start to 2018.

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Shenzhen Hospitality - 1H 2018

01 May 2018

Shenzhen is a tier-1 coastal southern city in China adjacent to the Pearl River Delta and directly north of Hong Kong. It has numerous natural tourism areas, which include Dameisha (大梅沙海滨公园) and Xiaomeisha (小梅沙海滨公园) beaches, Mount Wutong, the China Folk Culture Village, Window of the World, Happy Valley, OCT East and Sea World in the southernmost area of the city.

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Singapore Residential - 1H 2018

01 May 2018

District 15 in Singapore lies in the East and covers the Katong, Joo Chiat and Amber Road locations. Prior to Districts 9, 10 and 11 becoming the prime areas for residential living in Singapore, District 15 was the location where most of the ultra-high net worth would reside.

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Taiwan Retail - 1H 2018

01 May 2018

The recovery of the global economy stimulated Taiwan’s exports, and GDP growth improved from 1.48% in 2016 to 2.58% in 2017, according to the country’s Directorate-General of Budget, Accounting and Statistics (DGBAS). However, the improvement in the economy did not have a positive effect on consumer spending. Growth in retail sales was slow, increasing by 1.2% year-on-year (YoY) and many sub-sectors recorded weaker growth rates than the previous year, including department stores (0.4% YoY), convenience stores (2.8% YoY) and hypermarkets (3.0% YoY).

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Tianjin Residential - 1H 2018

01 May 2018

Responding to government policies, Tianjin has implemented regulations of protecting the environment and cutting overcapacity, shifting from pursuing rapid economic growth to promoting high-quality economic development. Consequently, the city’s GDP has experienced mild growth at its slowest pace in history. In 2017, Tianjin’s GDP reached RMB1.86 trillion, an annual growth rate of 3.6%. Tianjin is on its way to rebalancing its economy to achieve sustainable long-term growth. The local real estate market was accordingly affected by the city’s economic development with the value of real estate investment at RMB223 billion in 2017, slightly down by 2.9% year-on-year (YoY).

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Tokyo Residential Sales - 1H 2018

01 May 2018

The mild softness that materialised in late 2016 has not persisted and new condo prices returned to a positive trend and grew throughout 2017. Average first-month contract rates are healthy and still hovering near 70%. New supply has only slightly increased from that of 2016 and developers have sold off temporarily accumulated inventory. This elevated inventory level appears to be having a limited impact on prices. Low mortgage rates are likely still fuelling demand. New, high-profile projects in the Greater Tokyo area are selling well.

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