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這是CDL的第十一份永續發展報告。它取代了2017年的CDL綜合永續發展報告,成為我們最新的年度出版物,致力於提供有關CDL業務和利益相關者所關注的財務、治理、社會和環境績效的資訊。.

本報告包含2017年1月1日至12月31日全年的數據,重點在於…


這是CDL的第十一份永續發展報告。它取代了2017年的CDL綜合永續發展報告,成為我們最新的年度出版物,致力於提供有關CDL業務和利益相關者所關注的財務、治理、社會和環境績效的資訊。.

本報告包含2017年1月1日至12月31日的全年數據,主要關注城市發展有限公司(CDL)新加坡總部擁有和管理的業務,不包括其子公司的業務。報告範圍涵蓋我們作為房地產管理和開發公司的核心業務,包括專案開發、商業和工業開發專案的物業和設施管理等營運職能,以及我們在新加坡的公司總部。 2017年,房地產開發是CDL稅前利潤的主要貢獻者。.

預計2018年澳洲東岸市場(雪梨、墨爾本及布里斯本)新增及大型翻新物業供應量僅16萬平方米,相當於現有庫存少於1.51兆平方英尺。其中大部分位於墨爾本,且已預訂。鑑於商業信心保持積極態勢,我們預計儘管悉尼和墨爾本的供應有限,但市場需求仍將持續增長。因此,我們預計這三個市場的空置率都將下降,其中悉尼的空置率預計將在2018年底達到約3.1兆平方英尺,為25年來最低水準。.

Occupier demand in the CBD reached the highest in 11 quarters in 4Q17, bring ing the full year CBD net absorption to the highest in three years.

Residential market remained optimistic in 4Q17. Transaction volume pf strata units in the prime districts eased slightly 1-o-1 due to the year-end holiday period. 

Retail sales excluding motor vehicles recorded over two consecutive quarters of growth, likely a result of the seasonal timed sales.

Amid stable stock and as tenants physically moved into their new premises, the business park vacancy rate eased for the sixth consecutive quarter in 4Q17.

The “Project of the Century” will provide enormous opportunities in the built environment over the coming decades

Over the last two generations, we have seen a familiar trend of rising wealth and influence in Asia. It started with the Japanese in the 70s and was followed by the Koreans in 90s and the South East Asian “Tigers” in the early 2000s. For the past decade, China and India have been among the powerhouses of world economic growth. Given their ambitions and scale, they are both likely to be important contributors for a very long time.

The Belt and Road Initiative (BRI) is one of clearest manifestations of China’s vision and influence. The infrastructure and investment underpinning the BRI will streamline trade flows and lift economic activity in much of Asia, the Middle East, and North and Eastern Africa. While the vision will bring huge opportunities for investors and developers, the BRI will also change the face of corporate China, which will have an enormous influence in the 21st century as Chinese brands become household names around the world.

This report aims to bring some clarity to the initiative, with Knight Frank’s research teams developing a Belt and Road Index to rank 67 countries according to a number of key criteria, along with local analysis from a significant number of BRI markets. Our analysis shows that opportunities are widespread, with improving bilateral relations between BRI countries and China providing potential for real estate investment, development and business expansion. No doubt the BRI will provide further impetus to corporate China’s growth and influence in global markets.

With this report, we are taking crucial steps in being able to provide the highest level of advice around tangible opportunities along the BRI. We hope you find the report useful and insightful.

私人房地產繼續為投資者帶來收益

在6月進行的Preqin《投資者展望:另類資產,2017年下半年》調查中,投資人對私募房地產投資回報表示高度滿意。大多數受訪者(95%)表示,在過去12個月中,其私募房地產投資組合的表現達到或超過預期;91%認為,過去三年中,其投資組合的表現達到或超過預期。顯然,投資人普遍對房地產資產類別持正面態度,44%表示對房地產持正面看法,而持負面看法的僅有14%。.

Take a look through the sixth edition of The Occupier Edge, authored by Cushman & Wakefield’s very own future thinking experts. In this everchanging environment, you must stay on your toes – that’s exactly what we are doing. At Cushman & Wakefield, we put our clients and our people at the center of what’s next.

In addition to blockchain and co-working, this edition of The Occupier Edge also touches upon how PropTech is disrupting the real estate industry, the multi-faceted approach of placemaking, and why GenZ is the future. We also feature how robotics are being used to improve user experience and efficiency of facilities.

2017年全球房地產市場表現異常出色,成交量大幅成長,成交額也遠超預期。收益率平均下降12個基點,而優質地段的租金上漲了1.71萬億美元,投資額以美元計價更是猛增了13.21萬億美元,甚至超過了我們此前高於市場普遍預期的水平。.

儘管2018年這股成長勢頭似乎受到了貿易戰擔憂加劇以及通膨風險導致股市波動加劇的影響,但目前的定價、供應和需求平衡表明,2018年仍將保持健康增長。事實上,雖然庫存緊張,但我們預測,隨著開發活動的增加、獲利回吐的增加以及企業活動釋放庫存,全球銷售將小幅增長。.

如今,經營房地產投資組合面臨許多挑戰。利率開始上升,融資競爭異常激烈,物業估值不斷攀升,而投資者的預期收益卻在下降。然而,2018 年 Preqin 全球房地產報告的研究結果有助於我們理解這些問題背後的大背景。自全球金融危機以來,房地產資產類別蓬勃發展,並為絕大多數尋求在另類資產中實現收益多元化的投資者帶來了豐厚的回報。.

本報告追蹤亞太地區房地產投資信託基金(REITs)的融資和債務發行情況,並揭露了以下資訊:


本報告追蹤亞太地區房地產投資信託基金(REITs)的融資和債務發行情況,並揭露了以下資訊:

  • 股票和債券流通速度趨勢;;
  • 按行業劃分的債務到期情況;以及,,
  • 按國家/地區劃分的各基金債務到期時間表。.

2017 had been a whirlwind year as milestones kept coming in the commercial real estate (CRE) industry.

The Asia Pacific economy performed better than we expected, mostly thanks to improved global demand driving stellar export and manufacturing performance. We have had a variety of mini-shocks, some geo-political largely arising from tensions in the Korean peninsula while others being domestic such as the introduction of the Goods and Services Tax (GST) in India that caused sentiments to fall temporarily in the region’s third largest economy. Nonetheless, our property markets have shrugged off these noises. Occupier demand accelerated in many markets, with office absorption levels across the region posting their highest levels in 2017. Investment volumes also set a new watermark last year, with activity on a sector basis peaking across all asset classes with the exception of retail, where volume is on par with 2013. Further, blockbuster transactions refused to dry up especially in Hong Kong, which saw the largest ever land and office transactions recorded globally. In Japan, the most notable transaction occurred in Yokohama, just outside of Tokyo, indicating that investors are creatively looking outwards to search for opportunities.

In 2018, the region will continue to benefit from the global recovery in terms of increased demand and agenda of reforms. Against this strong backdrop, central banks will begin normalizing monetary policy, with the Bank of Korea already lifting interest rates for the first time since 2011. However, the low inflation environment means a gradual approach. We expect that same strength to hold in the property markets, with office occupancy and rent growth anticipated to remain at healthy levels even as new supply peaks in 2018. Investment activity should be no different, with transaction volumes expected to edge higher in 2018. We explain below our reasons for optimism.