Asia Pacific property market emerges as top performer globally, reports Henry Chia, Director, Enterprise Clients, Asia Pacific, Colliers Singapore.
He emphasised the significant role that specific market demand and supply fundamentals play in shaping distinct recovery profiles across various APEC office markets. Chia said key markets like Hong Kong, Mumbai, and Melbourne are expected to show signs of recovery and stabilization by the year’s end. Markets like Seoul and Sydney, which are witnessing growth, are poised to see the rate of expansion taper, though remaining positive.
When asked about the shifts observed in the market concerning occupiers and landlords, Chia pointed out significant trends. “Tenants are seeking opportunities for change, focusing on better quality buildings and improved locations to attract and retain talent,” he said.
Source: News Formal (newsformal.com)
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