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The MFIA Quarterly discusses an overview of Japan’s economy, Japan’s real estate market conditions, demography and economic growth.

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The urban area and its associated design, planning, development and operation, plays and will continue to play a big role in bringing transformational change to address the changing way we live as well as our changing climate. To bring about beneficial living and urban environmental sustainability change that results in sustainable urban environs, in this report we will look at the following topics:

  • A Change for the Good
  • The 15-Minute City
  • Urban Public Space
  • Transit-Orientated Development
  • Ecological Solutions
  • Net-Zero Buildings

Key Takeaways

To hike sustainability and bring about beneficial urban environmental sustainability change that results in walkable sustainable urban environs, one concept cities in Asia Pacific can look to adopt and implement is the ‘15-minute city’ concept.

The 15-minute city is a fresh concept that promotes both urban environmental sustainability and urban livability.

When specifically considering urban public space in the Asia Pacific region in relation to sustainable 15-minute city urban environs, the aim for local governments is to generate all-inclusive citizen-friendly settings that are also economically workable.

To interconnect sustainable 15-minute urban environs, it is essential for cities in general, including those in Asia Pacific, to have a well-planned and efficient overall public transport system that is easily accessible, is convenient and cuts both journey times and air pollution levels for all their citizens.

The 15-minute city concept also places much emphasis on the need for greater food production via urban agriculture.

Finally, in order to reduce the amount of energy used by, and carbon emissions from, buildings in the Asia Pacific region, including buildings in walkable 15-minute city precincts, it will additionally be important to take the next step and go carbon neutral, which requires a "carbon balance" to be established.

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What we know is that the global commercial real estate (CRE) sector, like many sectors, faces significant near-term headwinds. In Asia Pacific, while the economy remains resilient, the CRE investment market is in the middle of a reset given interest rate uncertainty, tighter lending conditions, and a challenging global environment.  However, we also know that the CRE sector will recover. In fact, historically, the strongest vintage years in terms of CRE returns are the ones that follow periods of dislocation and financial stress.

This report provides a glide path from here to there. That path will not be without challenge; it is therefore just as important to address the near-term challenges as it is to conceptualise the path to clear(er) skies. Our approach to investing is predicated in part on positioning for the future and not missing out on thematic and demographics that will drive Asia Pacific in the next decade.

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The office sector is currently going through global structural change as organisations seek to adapt their physical spaces to new ways of working and adjust their corporate real estate decision making.  Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.

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The guide tracks 37 key data centre locations across Asia Pacific with a comprehensive breakdown of costs covering land acquisition, advanced land clearance and demolition works, base build and fit-out construction costs. It offers a comprehensive analysis of the Asia Pacific data centre landscape, including key trends that are shaping the region's data centre sector. This is the first year that Cushman & Wakefield has published its data centre development cost data.

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