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The online retail industry is expected to continue its upward trend, resulting in related companies introducing new growth strategies such as M&A and strategic partnerships.

Amazon, a global leader in online retail, has partnered with…

The online retail industry is expected to continue its upward trend, resulting in related companies introducing new growth strategies such as M&A and strategic partnerships.

Amazon, a global leader in online retail, has partnered with domestic telecommunications services provider SK Telecom to ship products directly to Korea. A subsidiary of SK Telecom, 11Street, will store selected products most purchased by Koreans in its own storage facilities to allow for direct shipping. While Amazon has been reluctant to enter Korea due to intense competition from local E-commerce platforms, it will indirectly establish a new base through the partnership.

Corporations are expected to reshuffle their logistics portfolios in response to shifting market trends. Any redundant centres will be put up for sale, while pursuing new development projects or signing long-term leases in core strategic locations. Higher activity levels in the leasing and investment markets are expected to continue for the foreseeable future.

Data centres are a vital part of ICT infrastructure for any digital economy. They provide a catalyst for the development of new content and applications and support the sustainable growth of more traditional pillar industries including financial services, trading and logistics. Given the city’s…

Data centres are a vital part of ICT infrastructure for any digital economy. They provide a catalyst for the development of new content and applications and support the sustainable growth of more traditional pillar industries including financial services, trading and logistics. Given the city’s reliable power supply, rich network connectivity, low climate risk, and strong data protection, Hong Kong is well positioned to serve as a regional data centre hub.

Hong Kong is among the best globally in terms of internet connectivity and bandwidth, with over a 270% mobile subscriber penetration rate1 , and has been one of the top three fastest cities in terms of average internet download speed over the past few years. There are three major players driving demand for data centres. First, cloud service providers such as Alibaba, Amazon and Microsoft are expanding as most enterprise users have started adopting cloud solutions in response to the COVID-19 pandemic if they weren’t before. Secondly, internet companies and application developers such as multimedia content providers or e-commerce players demand ample data storage capacity and plenty of data processing power given the growing importance of Big Data, industry 4.0, the Internet of Things and 5G.

For prime street retail landlords the debilitating effects of COVID-19 were immediate. With most tenants being small to medium enterprises, they were more affected by sudden revenue loss, than larger scale retailers. The pandemic has forced the major street retail chain tenants to alter their business strategies. Many F&B and fashion chains closed…

For prime street retail landlords the debilitating effects of COVID-19 were immediate. With most tenants being small to medium enterprises, they were more affected by sudden revenue loss, than larger scale retailers. The pandemic has forced the major street retail chain tenants to alter their business strategies. Many F&B and fashion chains closed underperforming outlets which led to further vacancies. Tourism focused street retail in the CBD was hit hardest by travel bans adding to existing Metro related disruptions.

Since early February, many street retailers have not renewed their leases. Those wanting to retain prime locations after the pandemic are either temporarily closed or seeking rent reductions. A recent Savills survey found tenants sought up to -40% discounts compared to the maximum -20% offered.

Australia’s property markets property as a whole remains an attractive asset class particularly when comparing yields to bond rates, combined with the current low interest rate climate. With the Reserve Bank of Australia cutting the official cash rate to a record low of 0.10% in November, and further quantitative easing measures introduced we will see…

Australia’s property markets property as a whole remains an attractive asset class particularly when comparing yields to bond rates, combined with the current low interest rate climate. With the Reserve Bank of Australia cutting the official cash rate to a record low of 0.10% in November, and further quantitative easing measures introduced we will see bond yields fall closer to zero. The COVID-19 pandemic has impacted all property asset classes in Australia to some extent, with both positive and negative outcomes. The retail sector has been the hardest hit as a result of store closures, reduced foot traffic and weak consumer spending.

From both an investor and an occupier point of view we continue to see a flight to quality thematic become increasingly evident. Tenants are seeking quality office space with more flexible terms and we anticipate that as a result of this there will be a divergence of vacancy where secondary stock will find it difficult to compete. Investors continue to seek prime assets with long WALE and diversified tenant compositions, with these assets achieving record yields and capital values. With several large transactions coming to the market around the country or in due diligence we expect to see a strong fi nish to the year and into 2021.

The central government unveiled the new ‘comprehensive reform plan (2020 – 2025)’ (hereinafter referred to as the ‘new plan’) in October as a continuation of Shenzhen’s mission of being ‘Pilot Demonstration Zone of Socialism with Chinese Characteristics’ announced in 2019, providing greater…

The central government unveiled the new ‘comprehensive reform plan (2020 – 2025)’ (hereinafter referred to as the ‘new plan’) in October as a continuation of Shenzhen’s mission of being ‘Pilot Demonstration Zone of Socialism with Chinese Characteristics’ announced in 2019, providing greater autonomy and a higher level of all-round opening-up. Given that the new plan came at a meaningful time—the 40th anniversary of the establishment of the Shenzhen Special Economic Zone (SEZ)—Shenzhen is expected to embrace a new chapter of development.

Additionally, the new plan reinforces Shenzhen’s core engine function and central city position in the Guangdong-Hong Kong Macao Greater Bay Area (GBA). Therefore, the real estate industry is forecast to obtain new development opportunities, with demand for land, office, retail and residential sectors improving.

Beijing government developed multiple plans to help boost the ‘First-Store’ economy, consumer demand and upgrade retail projects in response to COVID-19:

Beijing government developed multiple plans to help boost the ‘First-Store’ economy, consumer demand and upgrade retail projects in response to COVID-19:

• “Announcement to Stabilise Commercial Business Activities Under COVID-19” on February 21st, 2020, encourages shopping mall landlords to deduct rents and help major shopping malls operate during the pandemic by applying for working capital loans;
• “Announcement to Apply for Subsidies For Major Shopping Malls Under COVID-19” on March 31st, 2020, provides subsidies up to RMB500,000 to qualified shopping mall operators;
• “One Policy for One Retail Store” renovation/upgrading of pilot retail

During this time of increased uncertainty, there has never been closer scrutiny on costs across all levels of corporate structures. Cushman & Wakefield’s Asia Pacific Office Fit-out Cost Guide is an essential tool to assist in corporate real estate decision-making regarding both fitting out and reinstating office space.

This year, we have added three cities to our guide, increasing our coverage to…

During this time of increased uncertainty, there has never been closer scrutiny on costs across all levels of corporate structures. Cushman & Wakefield’s Asia Pacific Office Fit-out Cost Guide is an essential tool to assist in corporate real estate decision-making regarding both fitting out and reinstating office space.

This year, we have added three cities to our guide, increasing our coverage to 31 key cities across Asia Pacific. Whether it’s a low, medium, or high quality specification fit-out requirement, this guide serves to assist occupiers in defining their capital planning and relocation budgets.

The guide includes a comprehensive fit-out cost section covering furniture, mechanical & electrical (M&E) works, builder works, audio visual/information technology (AV/IT), and other miscellaneous costs.

Development on new phases continues despite the unspoken moratorium, with several major cloud services increasing their local platforms

Despite the unofficial moratorium on new site development, Singapore continues to lead the greater APAC region in data centre innovation and often as the first market reviewed for regional market entry. Phased buildouts are still continuing…

Development on new phases continues despite the unspoken moratorium, with several major cloud services increasing their local platforms

Despite the unofficial moratorium on new site development, Singapore continues to lead the greater APAC region in data centre innovation and often as the first market reviewed for regional market entry. Phased buildouts are still continuing, with Digital Realty, Equinix, and Iron Mountain all underway on additional capacity and new entrant AirTrunk continuing their initial local campus. Major global cloud services continue to view Singapore as a first-tier location for new releases, with Google Cloud, Alibaba, and Oracle all making further inroads in coming months, and Tencent recently established a Singapore office to focus on regional expansion.

The prize for each platform lies not only in Singaporean business, but to allow local capacity to serve regional deployments across Southeast and greater Asia for large multinationals. As demands grow on local infrastructure, it remains to be seen if Singapore will lose workloads to developing lower cost markets, whether that be Jakarta, Kuala Lumpur, or elsewhere. The trade-off would be a loss in connectivity and available services, though if local capacity is unable to develop it may prove a needed shift. Despite this potential shift in future, for the time being Singapore will likely attract companies concerned about regional political issues, as Naver’s move from Hong Kong indicates. Anecdotal reports indicate that further moves for communications, media, and financial organizations are being mooted, suggesting a major opportunity for those few who are fortunate to have available capacity.

All in all another positive several months for Singapore, with the possibility of more good news ahead.