思想領導

概括：

隨著租戶重新思考辦公室策略，該地區正經歷著向高品質、創新和靈活性的顯著轉變。從符合ESG（環境、社會和治理）標準的建築興起，到專業需求群聚的湧現，租戶不再只是租賃空間，他們正在塑造空間。. 

重點總結：

• 甲級辦公室成長：過去十年，亞太地區的甲級辦公室存量幾乎翻了一番，達到 23 億平方英尺。.
• 核心市場驅動因素：2/3 的需求由印度、東南亞和中國大陸的 17 個城市所驅動。.
• 東南亞地區辦公空間需求的三大驅動因素：IT-BPM、工程與製造業、銀行、金融服務與保險（BFSI）。.

概括： 自從我們最初發表文章以來，共享居住領域發生了巨大的變化，從一種小眾的住宿解決方案轉變為一種公認的資產類別，吸引了多元化的投資者，並服務於不斷擴大的居民群體。.

隨著產業的日趨成熟，我們開始關注圍繞永續成長、監管框架和市場韌性等新興議題。我們擴大了2025年研究的範圍，邀請了30多位國內外利害關係人參與，旨在了解當前市場情緒，並對這個快速發展的市場提出前瞻性見解。.

本報告綜合了來自整個產業的匿名回饋，全面展現了新加坡正在轉型中的共享居住產業，為在這個充滿活力的領域中既有的參與者，也有正在探索新機遇的人們提供了寶貴的背景資訊。.

概括： CBRE’s latest Asia Pacific Leasing Market Sentiment Index reveals that overall leasing sentiment improved across most markets and sectors in Q3 2025:

辦公室： Occupier sentiment is strengthening as trade tensions ease and office attendance mandates tighten. All markets except for mainland China are reporting an increase in tenant enquiries and inspections. Overall expansionary sentiment is being driven by India and North Asia markets. Aligning with CBRE’s 2025 APAC Office Occupier Survey, more tenants are demanding well-located offices with a superior amenity offering.

Retail: Improving clarity around global trade policy is instilling retailers with greater confidence, triggering more enquiries and site inspections across most markets, except for Singapore. Stronger demand in India and Korea is providing a foundation for landlords to raise rental expectations. However, rising operating costs are prompting retailers to review portfolios and assess whether to relocate underperforming stores.

工業與物流： Enquiries and site inspections are gaining traction amid the stabilising trade outlook, setting the stage for a potential recovery. Growth markets including India and Southeast Asia remain resilient, while sentiment in Japan and Korea is strengthening on the back of easing supply-side pressure. Despite the uptick in demand, prospects for rental growth remain limited as tenants retain stronger leverage than landlords in negotiations.

Co-produced by Vistra Fund Solutions and APREA

The APAC real assets market is full of potential, but also operational, tax, and regulatory friction. This exclusive report reveals where the biggest opportunities lie, what’s holding investors back, and how leading firms are navigating the complexity.

Inside the Friction Index 2025:

• Which APAC markets and asset classes are attracting institutional capital
• Where investors face the highest levels of friction and why
• How leaders use outsourcing, AI, and tech to gain a competitive edge
• The trends redefining real assets: ESG, AI, and regulatory shifts

India is undergoing a dramatic demographic shift that presents both unprecedented opportunities and significant challenges for the senior living sector. The country’s senior population is projected to more than double from 156.7 million in 2024 to 347 million by 2050, representing 21% of the total population. This transformation is driving substantial growth in the senior living market, which is currently valued at INR 15,500 crore (USD 1.8 billion) and expected to expand to INR 64,500 crore (USD 7.7 billion) by 2030.

Despite this promising growth trajectory, the market remains severely undersupplied and in its early stages. With only 1.3% penetration compared to mature markets like the US and Australia that exceed 6%, India’s senior living sector has vast untapped potential. The current supply of approximately 20,000 units falls dramatically short of the estimated demand of 2.27 million households by 2030, highlighting the enormous opportunity for developers, operators, and investors in this rapidly evolving sector.

概括： Colliers’ Global Capital Flows Report (September 2025) highlights cautious but steady growth in real estate investment activity worldwide, with Asia Pacific maintaining a leading role despite global headwinds.

主要亮點包括：

• Singapore, Japan, and Hong Kong ranked among the top 10 global sources of cross-border capital.
• Japan and Australia remain top global capital destinations, reflecting sustained investor confidence.
• Office and retail sectors are leading the regional recovery, with office assets reclaiming the top spot in transaction volumes.
• Land-led development continues to dominate, with seven of the top 10 global destinations located in APAC.

2025 年上半年，亞太地區大部分市場的房地產投資主要由國內投資者推動，而海外投資者對澳洲、印度、新加坡和香港等主要樞紐市場的興趣依然濃厚。.

在較低的利率環境、溫和的通膨和主要市場持續的經濟成長的支持下，該地區的投資前景預計將在 2025 年及 2026 年保持穩定和韌性。.

主要見解：

• 辦公大樓仍然是首選資產類別，零售物業的成長速度正在加快。.
• 韓國、日本和澳洲貢獻了近三分之二的投資額。.
• 投資者對資料中心、生命科學和學生公寓等另類資產類別的需求日益增長。.
• 本地投資者信心日益增強，凸顯了整個地區的韌性。.

隨著工作場所模式的不斷變化，亞太地區的企業正在加快員工重返辦公室的步伐，並提升工作場所體驗。.

世邦魏理仕發布的《2025年亞太地區辦公大樓租戶調查報告》匯集了近300位企業房地產主管的真知灼見，重點指出：

• 工作效率： 空間不足的小房間（48%）和缺乏活力（35%）仍然是主要挑戰。調整工作站尺寸和辦公桌共享比例有助於提高效率。.
• 更嚴格的考勤制度： 82% 的租戶現在對不合規行為施加後果（年增 16 個百分點），預計 2025 年辦公大樓利用率將有所提高。.
• 核心及品質偏好： 規模較小的公司展現出最強烈的成長意願。計劃搬遷的租戶中有 65% 傾向於選擇中央商務區核心地段，但大部分空置房源位於非核心區域。.