思想領導

包容性城市晴雨表根據近 9,000 個數據點、4 個維度和 12 個子維度的 110 個指標，評估了 44 個 EMEA 城市和 35 個 APAC 城市的包容性。.

參與此次評估的城市在邁向更具包容性和活力的城市環境的道路上處於不同的階段。我們的評估並非按城市表現排名，而是衡量它們相對於這些起點的進步，重點突出傑出的成功案例，並提供切實可行的改進路線圖。.

透過“包容性城市晴雨表”，我們旨在引導和啟發房地產行業利益相關者，共同打造更具包容性和社會可持續性的城市環境。造訪該平台以了解更多資訊：

• 什麼是城市包容性？我們如何量化它？
• 你的城市表現如何
• 通往包容性城市的道路
• 房地產在推動建成環境中的社會價值所扮演的角色
• 如何在房地產生命週期中創造社會價值

世邦魏理仕最新租賃市場情緒指數顯示，亞太地區大多數主要市場的租賃情緒有所降溫，但仍維持在正面區間：

• 租戶諮詢量和現場考察量下降的主要原因是中國大陸辦公大樓市場。其他市場，特別是印度和日本，零售業的諮詢量依然強勁。.
• 儘管零售需求擴張支撐了市場活動，但辦公空間需求自上次調查以來有所放緩。對彈性辦公空間的需求減弱，尤其是在澳洲和東南亞市場。.
• 與上一季的趨勢一致，半數受訪者預計租金和優惠政策將保持不變。日本受訪者對辦公室和零售租金前景最為樂觀，而大中華區受訪者則預期辦公租金將進一步下降。.
• 中國大陸和香港特別行政區在租賃情緒方面仍然落後，前者約有 40% 的受訪者目前正在進行「留還是走」的分析或續租活動，表明其擴張意願較低。.

由於亞太商業房地產市場正處於升息週期的頂峰，人們的注意力繼續集中在即將到期的大量未償還高級貸款；這種情況可能導致未來幾年出現巨大的資金缺口。.

世邦魏理仕估計，亞太地區未償還的優先商業房地產債務為12,570億美元，預計2024年至2026年間將出現144億美元的資金缺口。.

世邦魏理仕預計，未來三年內，在資本價值仍可能出現一定程度下降的市場，將會出現融資缺口。以總額計算，2024年至2026年間，澳洲的融資缺口最大（46億美元），其次是中國大陸（29億美元）。.

缺口將高度集中在辦公大樓領域，世邦魏理仕預計在 2024 年剩餘時間內將出現進一步的重新定價。.

本報告探討了亞太地區的商業房地產債務市場以及該地區債務融資缺口背後的因素，包括可能面臨最大缺口的市場和行業，以及對投資者的影響。.

本報告原刊登於 https://www.cbre.com/insights/reports/the-debt-funding-gap-for-asia-pacific-real-estate/

房地產市場情緒指數由萊坊印度公司和全國房地產開發委員會（NAREDCO）共同編制。其目的是反映業內人士的看法和預期，從而評估房地產市場的情緒。.

2024 年第一季的市場情緒指數創下十年新高，顯示在印度強勁的經濟情勢推動下，市場對房地產供應端的信心增強。.

世邦魏理仕亞太區對《全球科技人才指南》的解讀探討了以下幾個面向：

• 亞太地區對科技人才的吸引力；;
• 企業在亞太地區尋找科技人才市場時需要考慮的關鍵因素；
• 亞太地區企業在人才吸引和選址方面所採取的方法，以及這些方法如何影響其房地產策略。.

本報告原刊登於 https://www.cbre.com/insights/viewpoints/global-tech-talent-guidebook-2024-asia-pacific-view

新加坡是亞太地區少數擁有完整「端到端」生命科學價值鏈的市場之一，涵蓋製造、研發、銷售和物流。在政府扶持政策的推動下，生醫製造業已成為各製造業領域中成長最快的產業。強大的創投和充滿活力的生命科學新創企業生態系統也加速了研發進程，進而帶動了對實驗室更強勁的需求和製造產能的擴張。.

迄今為止，新加坡已透過充滿活力且地理位置優越的產業群聚網絡（如生物醫藥園、新加坡科學園、大士生物醫藥園和加冷生物醫藥園）培育了生命科學產業的發展，為入駐企業提供了多種選擇。.

儘管生命科學地產在另類投資中名列前茅，但在新加坡，這類可投資標的仍然有限。本文重點介紹投資者可以參與該行業成長的幾種關鍵策略。.

本報告原刊登於 https://www.cbre.com.sg/insights/reports/life-sciences-real-estate-an-emerging-asset-class-in-singapore

Fractional ownership is a co-ownership framework wherein the retail investor can invest in smaller fractions of the property with relatively smaller amounts.

With Securities and Exchange Board of India (SEBI) formulating detailed guidelines for Small and Medium REITs (SM-REITs), a large number of erstwhile unregistered Fractional Ownership Platforms (FOPs) for real estate assets are expected to get listed as SM REITs. This will effectively have the potential to regularize underlying real estate assets to the tune of over INR 40 billion in the near to midterm.

報告的主要亮點包括：

• In the office market, strata sale form of fractional ownership constitute 28% of total Grade A stock with over 200 mn sq ft of Grade A strata sale stock across the top six cities.
• Strata sale office stock in top six cities in India will swell to 260-270 mn sq ft in next two years, with an estimated market value of around INR 4,500 bn.
• A well-regulated market of fractional ownership will attract investors across various asset classes and diversify in alternative asset classes like industrial & warehousing, data centres, retail etc.

Business leaders are currently dealing with the crucial question – how can they effectively optimise resources, maximise savings and drive growth as they navigate a dynamic business landscape in 2024. Their challenges remain compounded by unprecedented inflation, fierce competition for talent, and the rising pressures of digitalisation and climate action.

Amid this scenario, offices today, albeit with much higher workforce flexibility, remain the epicentre of the work culture, with relocation decisions being underpinned by talent strategy and ESG goals. In Asia Pacific, a much greater pull to the office is creating higher occupancy than witnessed in other markets globally – causing the continued upward pressure on office rentals across the region.

In this edition of our Expert Insights | Asia Pacific Office Markets April 2024, we highlight six priorities to achieve cost savings in office real estate. We also present the Colliers Q1 2024 Office Market Research Reports from key Asia Pacific markets, unearthing actionable insights for real estate leaders.

重點總結

• The data center market grew to new highs in 2023, with over 30GW encompassed in this report, including a more complete coverage of both colocation and hyperscale self-build inventory over last year’s edition.
• Power became a paramount concern, with the increasingly limited availability of large blocks of power across major markets.
• These power limitations have pushed data center operators to further evaluate untapped and smaller markets worldwide.
• Artificial intelligence proves to substantially grow demand worldwide, altering both site selection strategy and data center design.
• Despite challenges with power availability, larger markets have maintained momentum with their pipelines, through growing outlying submarkets

CBRE’s survey of more than 120 retail leasing market professionals in Asia Pacific reveals that retailers’ expansionary demand remains strong as they seek to revitalise their store networks post-pandemic.

主要研究結果包括：

• 76% of retail brokers reported leasing enquiries for new setups, expansion and upgrading, indicating appetite for more space.
• More than two-thirds reported an increase in leasing enquiries and site inspections in Q1 2024, indicating that regional leasing activity is likely to remain strong in the coming months.
• As vacancy in prime areas contracts further, half of the respondents – the highest proportion since 2023 – expressed the view that retail leasing market dynamics are shifting in favour of landlords.
• Positive retail leasing sentiment across all Asia Pacific markets, with the strongest improvement observed in Japan.
• Retailers across Asia Pacific are displaying a very strong preference for prime core retail space.
• Most retailers plan to retain or increase their real estate budget and store footprint in 2024.
• Amid a global shift in consumer spending towards eating out and experiences, F&B remains the most active retail trade in Asia Pacific, with demand the strongest in Singapore and Southeast Asia.

本報告原刊登於 https://www.cbre.com/insights/briefs/asia-pacific-retail-leasing-sentiment-survey