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In the first survey of its kind, CBRE polled more than 20,000 people worldwide – from Gen Z to Baby Boomers – earlier this year to understand how they will live, work and shop in the future, and how this will impact the real estate they use. Included in the survey were around 9,000 respondents from Asia Pacific.

The survey findings revealed fresh insights that can be harnessed to inform real estate occupier and investor strategies, and ensure that real estate is positioned to meet users’ evolving needs.

Key Asia Pacific findings include:

LIVE

  • Strong desire to move: 32% want to move their home, with city centre areas most popular
  • Robust homebuying sentiment: 66% of those planning to move homes want to buy instead of rent
  • Shifting preferences for home selection: 66% say health and safety is a more important factor than price                  

WORK

  • People want more flexibility: 85% currently spend at least three days per week working at the office
  • Location is key: 75% are satisfied with their city centre offices; 55% who work in suburbs stated the same
  • Workplace quality matters: 69% of office-based workers attach greater importance to workplace quality

SHOP

  • Most consumers prefer to shop offline: 61% prefer to see products in-store before ordering online
  • Outlook for personal finance is upbeat: 53% expect their financial situation to improve over the next year
  • Ethical consumerism is growing: 80% are more aware of environmental & social issues when they shop

This report was originally published in https://www.cbre.com/insights/local-response/asia-pacific-live-work-shop-report-2022

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KEY TAKE-AWAYS

  • APAC countries continue to rank highly as locations of production, particularly due to the abundant supply of low cost of labour: of the top 12 locations, half are in APAC.
  • Many of the countries that have slipped in the rankings compared with 2021 have done so due to increased costs (particularly for labour and electricity) and increased risk (economic, political and natural disaster); a number of these countries are in Europe where the war in Ukraine has had a significant impact on cost and risk factors.
  • A wide range of countries have also experienced even greater constraints in the availability of labour as unemployment rates have continued to fall; this has affected countries across all geographic regions and states of economic development albeit key production locations in emerging APAC markets continue to benefit from expanding labour pools.
  • A number of countries – particularly in Europe – have improved their ability to achieve sustainability targets, including efficient resources use and creating green economic opportunities, bolstering their longer term economic outlook and risk profile.
  • U.S. companies are bringing jobs and supply chains home at a historic pace. American companies are on pace to reshore, or return to the U.S., nearly 350,000 jobs this year, according to a report published by the Reshoring Initiative.

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The large-scale trends shaping the ESG investing world have become well recognized: climate change risk and the road to net zero, the growing existential threat of biodiversity loss, social inequalities, regulation and, lately, debate and controversy over greenwashing and what ESG should be.

Against a backdrop of a war in Europe, inflation, energy markets in turmoil, political uncertainty and an unending stream of climate-induced disasters, MSCI’s ESG and Climate Trends to Watch for 2023 report takes a closer look at how some of the major developments may shape the investment environment and impact the challenges and opportunities for companies.

This report was originally published in https://www.msci.com/research-and-insights/2023-esg-climate-trends-to-watch

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Knight Frank takes a look at some of the ‘big picture’ issues impacting owners and users of real estate in the Asia-Pacific region for the upcoming year.

Global inflation in 2022 is at its highest since 1996. As most central banks in Asia-Pacific turn the screws on monetary policies to stave off inflation, growth will inevitably slow in the coming year. As monetary authorities are compelled to keep pace with the Fed’s hiking cycle in addition to walking the tightrope between growth and inflation, the region’s interest rates in 2023 will approach multi-year highs. 

Despite these ongoing stressors, Asia-Pacific is set to remain the world’s fastest-growing region in 2023. Even as growth momentum continues to normalise across much of the region, domestic-oriented economies such as emerging Southeast Asia and India are forecast to remain supportive of overall regional growth in the upcoming year. 

As such, Knight Frank expects to see real estate markets in the region weather a period of transition as occupiers and investors review their strategies in a rapidly evolving environment.

This report was originally published in https://apac.knightfrank.com/apac-outlook

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Please find below the rebalancing results for the following GPR/APREA index series, which will become effective as of 19 December 2022 (start of trading):

  • GPR/APREA Investable 100 Index
  • GPR/APREA Investable REIT 100 Index
  • GPR/APREA Composite Index
  • GPR/APREA Composite REIT Index (indicated with an asterisk)

GPR/APREA Investable 100 Index

INCLUSIONS

CHN2768 HKJiayuan International Group
CHN123 HKYuexiu Property Co Ltd
HKG4 HKWharf Holdings
JPN8986 JTDaiwa Securities Living Investment Corp.
JPN3278 JTKenedix Residential Next Investment Corp.
THAAP TBAP Thailand PCL

EXCLUSIONS

AUSCIP ATCenturia Industrial REITLiquidity too low
CHN3883 HKChina Aoyuan Group LimitedLiquidity too low
CHN2777 HKGuangzhou R&F Properties Company LimitedLiquidity too low
JPN3295 JTHulic REITLiquidity too low
JPN8956 JTNTT UD REIT Investment CorporationLiquidity too low
THAAMATA TBAmata Corp PCLLiquidity too low

GPR/APREA Investable REIT 100 Index

INCLUSIONS

JPN2971 JTESCON JAPAN REIT Investment Corporation
JPN8979 JTStarts Proceed Investment Company

EXCLUSIONS

AUSCOF ATCenturia Office REITLiquidity too low
SGPAAREIT SPAIMS APAC REITLiquidity too low

GPR/APREA Composite Index + GPR/APREA Composite REIT Index

INCLUSIONS

HKG2191 HKSF REIT *
MYSKIP MKKIP REIT *

EXCLUSIONS

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At a time when many mature economies are reaching peak carbon, emissions in Asia Pacific remain on an upward trajectory as the region continues along a path of rapid urbanisation and economic growth.

Asia Pacific accounted for 53% of global carbon emissions in 2021, and has been responsible for more than 80% of global growth in carbon emissions over the past decade.

To improve transparency around the role that cites and the built environment play in carbon emission reduction, CBRE has developed the Asia Pacific Sustainable City Ranking, which measures current and future environmental resilience and its impact on commercial real estate across 28 cities in the region.

Cities are evaluated according to a range of environmental factors including greenhouse gas emission reduction, physical climate risk, water stress, air pollution, renewable energy use, green bond issuance, and green office building adoption.

This report was originally published in https://www.cbre.com/insights/reports/asia-pacific-sustainable-city-ranking-dec-2022

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Q3 2022 Investment Trends features in-depth and up to date insights on demand drivers and other key investment trends in Australia, mainland China, Hong Kong SAR, Taiwan, Japan, Korea, India, Singapore, and New Zealand.

Key Trends

  • Faster-than-expected interest rate hikes hinder acquisitions
  • Purchasing led by real estate funds and institutional buyers
  • Significant decline in logistics and hotel transactions
  • Retail deal flow picks up
  • Cross-border deals continue to rise y-o-y
  • Fund-raising remains solid
  • Investment activity is expected to weaken further

This report was originally published in https://www.cbre.com/insights/figures/asia-pacific-investment-trends-q3-2022

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Key Trends

  • Leasing activity loses momentum
  • Occupancy remains high
  • 3PL and e-commerce drive demand
  • Pacific markets underpin rental growth
  • Investment interest stays firm
  • Mild yield expansion in selected markets

This report was originally published in https://www.cbre.com/insights/figures/asia-pacific-industrial-and-logistics-trends-q3-2022

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Key Trends

  • Retail sales growth slows
  • Inflation and recessionary fears weigh on consumption
  • Leasing activity shows slight recovery
  • Luxury brands turn more active
  • Zero-covid impacts mainland China demand
  • Retailers set to remain cautious

This report was originally published in https://www.cbre.com/insights/figures/asia-pacific-retail-trends-q3-2022

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Key Trends

  • Slower economic growth and inflationary pressure weigh on leasing activity
  • Mainland China see mild recovery but other markets flat or weaker
  • Finance, tech and coworking remain major demand drivers
  • Rising construction and fit-out costs cause delays to new supply
  • Flight to quality relocation still most popular strategy
  • Occupiers set to remain cost cautious as economic worries mount

This report was originally published in https://www.cbre.com/insights/figures/asia-pacific-office-trends-q3-2022

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