The MFIA Quarterly discusses an overview of Japan’s economy, Japan’s real estate market conditions, demography and economic growth.
世邦魏理仕亚太区专业人士观察到,由于投资活动复苏延迟,投资者风险偏好依然较低。大多数受访者预计,在2024年上半年降息预期有限的情况下,市场将从2024年第二季度开始复苏。.
除印度以外,该地区大部分地区仍面临抛售压力,印度市场则受到投资者日益浓厚的买盘兴趣。除私人投资者和机构投资者/有限合伙人外,大多数投资者的卖出意愿也高于2023年第一季度。.
调查显示,基本面强劲的资产(如多户住宅、机构级现代化物流设施、优质购物中心、冷库和数据中心)的价格差距正在扩大。.
尽管机构级物流仍然是投资者最青睐的行业,但零售业也日益受到关注。缓慢的重新定价促使投资者寻求其他或细分行业,其中房地产债务策略在另类投资中越来越受欢迎。.
由于亚太地区利率长期处于高位,且重新定价滞后于美国和欧洲,因此亚太地区的资本化率预计将会上升。.
本报告最初发表于 https://www.cbre.com/insights/figures/asia-pacific-cap-rate-survey-2023-q3
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.
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.
城市区域及其相关的设计、规划、开发和运营,在应对我们生活方式的转变以及气候变化方面,发挥并将继续发挥重要作用,带来变革性变化。为了实现有益于居住和城市环境可持续发展的变革,最终打造可持续的城市环境,本报告将探讨以下主题:
要点总结
为了提高可持续性,并带来有益的城市环境可持续性变革,从而打造适宜步行的可持续城市环境,亚太地区的城市可以考虑采纳和实施‘15分钟城市’的概念。.
“15分钟城市”是一个全新的概念,它既促进了城市环境的可持续发展,也提升了城市的宜居性。.
在考虑亚太地区的城市公共空间与可持续的 15 分钟城市环境的关系时,地方政府的目标是创造包容所有市民、对市民友好的环境,同时还要兼顾经济效益。.
为了将可持续的 15 分钟城市环境连接起来,包括亚太地区的城市在内的所有城市都必须拥有一个规划完善、高效便捷的公共交通系统,该系统不仅方便易达,还能缩短出行时间,降低所有市民的空气污染水平。.
“15分钟城市”的概念也非常强调通过城市农业提高粮食产量的必要性。.
最后,为了减少亚太地区(包括步行 15 分钟即可到达的城市街区)建筑物的能源消耗量和碳排放量,采取下一步行动,实现碳中和也十分重要,而这需要建立“碳平衡”。.
Singapore’s retail e-commerce market is projected to grow at a 9.9% CAGR from 2022 to 2027, from S$5.8 billion in 2022 to a size of S$9.2 billion in 2027. Emerging trends such as shopping festivals, live selling and online grocery shopping have presented unique challenges for businesses in managing their logistics supply chain. With the adoption of omnichannel retail models and the outsourcing of last mile deliveries to 3PLs, the need for strategically located warehouses becomes paramount.
This report seeks to explain how the logistics sector is positioned to capture e-commerce demand, as well as potential recommendations for landlords and occupiers as they seek to future proof their logistics real estate portfolio.
随着碳减排期限的临近和监管力度的加大,越来越多的企业正在采用快速发展的技术来衡量、监测和管理其排放,并指导未来的可持续发展决策。.
根据仲量联行对1000家企业的调查,未来三年,可持续发展技术将占据租户和投资者技术预算增长的最大份额。超过三分之二的租户表示,能够帮助他们管理和报告可持续发展进展的技术是预算中的重中之重。.
在全球范围内,接受调查的45%租户和62%投资者计划在未来一年内采用能源或排放管理技术。另有62%投资者对支持可持续性监测和报告的技术感兴趣,而评估投资组合规划中的气候风险则是一个新兴领域。.
“科技是企业更好地了解自身在实现净零排放目标方面所取得进展的关键推动力,从识别投资组合中的风险到监控日常运营,”仲量联行智能与可持续建筑技术平台副总裁 Ramya Ravichandar 表示。.
“现在已经有一个成熟的市场来满足企业的可持续发展报告和管理需求,并确保它们能够遵守即将出台的公共披露法规,例如加州新的《气候企业数据责任法案》。’
More than three years after the onset of COVID-19, Singapore retail sales have recovered and exceeded pre-pandemic levels. However, foot traffic and retail rents have yet to fully recover. CBRE’s proprietary study finds that consumers are now visiting malls less frequently but for longer durations. Consumption patterns have also changed, driven by the proliferation of e-commerce, rising income levels and increased focus on wellness and ESG.
This report identifies the main trends shaping Singapore’s retail property market in the post-pandemic era and provides recommendations for retail occupiers and landlords to navigate the structural shifts and cyclical recovery of Singapore’s retail market. Government initiatives, the return of tourist spending and a wider selection of locations are also providing opportunities to all stakeholders.
主要发现:

Kemmu Kawai 于 2022 年 9 月加入 Longevity Partners Japan,担任国家总监。他常驻东京,负责日本、亚太地区及其他地区的所有业务和活动。他拥有超过 16 年的金融从业经验,专门从事房地产和信贷投资。在加入 Longevity Partners 之前,他曾在 Norinchukin 银行担任投资组合经理,并在 Center Point Development 担任投资经理。.
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