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Cushman & Wakefield recently released “Office of the Future Revisited” in which a global view of how the demand for and use of office space is changing. Within the report, three realities were presented:

1. Demand for office space is accelerating;

2. Hybrid is here to stay; and

3. The role of the office has changed.

While all three of these realities are true for the Asia Pacific region, as a geographically large and culturally diverse region, we see nuance in how these realities manifest between markets.

  • Asia Pacific continues to lead the world in office demand
  • The region is, however, lagging somewhat when considering the shift to hybrid working
  • Greater change management needs to be delivered as pressure builds from a growing, younger workforce
  • With the nuances and differences between markets, solutions and approaches will need to vary across the region
  • Corporate employers should begin testing and piloting now to meet the needs of their current and future workforce

本报告最初发表于 https://www.cushmanwakefield.com/en/insights/apac-office-of-the-future-revisited

第一太平戴维斯亚太房地产投资国别指南涵盖该地区13个国家,其中包括:

  • 中国
  • 香港
  • 印度
  • 印度尼西亚
  • 日本
  • 马来西亚
  • 新加坡
  • 韩国
  • 台湾
  • 泰国
  • 越南
  • 英国
  • 我们

本报告最初发表于 https://www.savills.com.hk/research_articles/167189/207024-0

  • Pandemic-related border controls, mainland China’s zero-covid policy, the rising cost of global shipping and higher energy prices will continue to pressure Southeast Asian supply chains in 2022 and mostly likely beyond.
  • As occupiers respond by strengthening supply chain resilience and seeking to strike a balance between “just-in-time” and “just-in-case” inventory models, new demand for modern warehouses is poised for substantial growth.
  • Demand will also benefit from the implementation of China Plus One strategies by manufacturers seeking to relocate production out of mainland China and into multiple bases in nearby markets, with ASEAN economies set to be clear winners.
  • As the RCEP and other FTAs take effect, Southeast Asian markets’ tariffs with their major trading partners will fall significantly, benefiting export growth and increasing their role and importance in global supply chains, spurring additional real estate requirements. The continued growth of the region’s e-commerce industry will also continue to drive warehouse demand.
  • As well as booming occupier demand, investment in Southeast Asian manufacturing and logistics real estate will accelerate, with opportunities in developed markets likely to focus on developing institutional grade logistics stock to ride on local consumer market growth and the increasing importance of Southeast Asia in global value chains.

本报告最初发表于 https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-ViewPoint–Prolonged-Supply-Chain-Disruption-to-Accelerate-Southeast-Asian-Logistics-Re

对于MSCI亚太区ESG研究团队而言,MSCI 2022年ESG趋势观察报告中的三项趋势引起了他们的特别关注和重视,因为它们代表了亚太地区重大的潜在风险和机遇: 煤炭难题:重新思考撤资、咖啡与汉堡:生物多样性与食品的未来以及新的“亚马逊效应”:企业推动企业实现净零供应链。.

本报告将更深入地探讨这三大趋势,深入研究其背后的 ESG 指标,并最终确定一批被认为是 ESG 趋势引领者的公司。.

本报告最初发表于 https://www.msci.com/www/research-paper/esg-trendsetters-in-apac/03104342240

The Rediscovering Kowloon West outlines upcoming development areas and infrastructure projects in the west of Hong Kong and identifies opportunities for occupiers and investors.

Two mega projects in Lantau Tomorrow Vision and Northern Metropolis are expected to pave the way for different office clusters around Kowloon Station, Cheung Sha Wan and the New Development Areas (NDAs) in the New Territories. As a result, 29% of Grade A office space in the next five-years will be in Kowloon West with total supply expected to increase from 6 million sq. ft. in March 2022 to 9 million sq. ft. 2026.

本报告最初发表于 https://www.colliers.com/en-hk/research/colliers-radar-rediscovering-kowloon-west

The Greater Bay Area (GBA) has undergone rapid development in recent years, particularly in infrastructure and transportation network enhancement. Outline Development Plan for GBA issued by the Central government shows the Chinese government’s commitment to improving capital flows throughout the region, which will benefit Hong Kong, specifically the office market.

According to Knight Frank’s in-house data, interviews from landlords, as well as information from tenants and agency practitioners, Biomedical, Family office, TMT and Emerging and high-growth Chinese companies are the four new potential Chinese mainland businesses to come to the Hong Kong market.

In this report, Knight Frank has identified three emerging office hubs in Kowloon that have greater potential to reap the benefits brought by the development of the GBA.

  • Kai Tak Development Node – it is well connected to cities in GBA via the Intercity Through Train;
  • Cheung Sha Wan – Lai Chi Kok – the upcoming notable new office supply in Cheung Sha Wan and Lai Chi Kok area will transform it into one of the largest office hubs in western Kowloon;
  • CBD1.5-XRL Station – given the large scale of development, prestigious location and unique positioning, the West Kowloon Cultural District together with the XRL topside project will become an important up and coming office hub in Hong Kong.

Looking ahead, GBA will continue to gather momentums to develop into a world-class city cluster, and Knight Frank expects leasing demand from Chinese Enterprises to rebound and keep rising upon the reopening of the border.

本报告最初发表于 https://www.knightfrank.com/research/report-library/greater-bay-area-development-report-june-2022-9110.aspx

Tenant enquiries and site visits rebounded in May following the further relaxation of COVID-19 controls. Mainland China remained the lone exception.

Demand for traditional space is being negatively impacted by mainland China’s anti-pandemic measures and a rising number of downsizing enquiries. However, India and Australia saw robust new set up and expansion demand.

Pressure for higher incentives remained weak, particularly in Australia. Rents continued to recover, led by cities in India.

Sentiment in most markets improved as the bulk of markets in the region continued to shift away from being tenant-favoured. Mainland China was among the weakest performers.

本报告最初发表于 https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-Market-Sentiment-Survey—June-2022

高纬环球发布的《2021-2022 年亚洲房地产投资信托市场洞察报告》调查了亚洲蓬勃发展的房地产投资信托市场,分析了中国大陆、香港特别行政区、印度、日本和新加坡等主要市场的主要驱动因素和市场现状。.

报告显示,在稳健的资本结构、充足的财务流动性和支持性的监管政策的支持下,随着疫情的消退,房地产投资信托基金(REITs)继续保持整体增长势头,其中物流/工业和数据中心 REITs 的表现优于更传统的资产类别。.

主要亮点:

  • 在经历了 COVID-19 疫情高峰期并展现出显著韧性之后,亚洲 REITs 在 2021 年强劲复苏,这得益于新经济资产类别的支持。.
  • 亚洲市场的工业和物流房地产投资信托基金(REITs)表现出最强的韧性,总回报率达到 24.7%,而其他所有资产类别均实现了正回报。.
  • 供应链的不确定性导致运营商囤积仓储空间,从而创造了需求。.
  • 成熟的 REIT 市场预计在 2022 年剩余时间内将出现更大的并购活动,而新兴市场预计 REIT 的增长将加速。.

Concerns about inflation and slowing economic growth continued to depress capital markets in April. The U.S. reading for inflation hit 8.5% in March, the highest since 1981, recalling an era when interest rates were raised to near 20% under then Fed Chairman Paul Volcker. Markets came under pressure as escalating inflationary pressures are raising the likelihood of more aggressive rate hikes. This pushed the greenback to finish the month near two-decade highs. Monetary authorities in South Korea and Singapore also announced tightening moves. South Korea’s rate decision came after New Zealand delivered a larger-than-expected 50 basis point hike as more central banks across the region made preemptive announcements to shift their focus to fight surging inflation. The recent Covid-19 lockdown of Shanghai also led to concerns about China’s economic growth outlook and the potential for further global supply chain disruptions. With developments clouding global economic prospects, investors endured a torrid April. Total returns from Asia Pacific stocks, as tracked by MSCI, ended in the red. However, the region’s property stocks dealt with the volatility better, recording lower declines to outperform the wider equity market.

With the pandemic having led many companies to incorporate increased levels of remote working into their current preferred workplace models to create a hybrid working approach, occupiers must now enhance their workplaces to deliver the type of seamless and engaging experiences that remote working cannot. This is no longer a “nice to have”; it’s a must have!

CBRE believes the creation of places where people work must be founded on understanding the changing nature of work in a hybrid world, what motivates people to come together, and a deep understanding of how to create experiences that really matter.

This report explores these challenges in detail by exploring how companies are planning for a hybrid future, as well as uncovering some of the nuances in approaches that exist between Asian and Western firms.

It also identifies and expands upon the five different types of workplace models identified by CBRE, which consider the fact that office role and design will likely vary according to what proportion of the week employees spend in the office.

本报告最初发表于 https://apacresearch.cbre.com/en/research-and-reports/Asia-Pacific-ViewPoint—Future-of-Office—Its-About-People-But-Place-Matters-Too