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Asia Pacific Cap Rates | Q2 2021

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Colliers Valuation and Advisory - APAC Cap Rates Q2 2021

Cap rates for the Industrial sector continue to see more movement than Office and Retail, on heightened market activity.

In Q2 2021, only seven of the 21 cities surveyed across Asia Pacific have seen quarter-on-quarter (QOQ) movements.

Industrial has once again been the most active sector, primarily driven by the logistics and warehousing markets. We expect this to continue through 2021, while anticipating increased activity in the Office and Retail sectors.

Key Highlights in Q2 2021:

  • The market with the sharpest movements was Seoul, on the back of intense competition for investment assets, particularly in the Industrial sector.

  • In Beijing and Shanghai, we see a good sign of recovery from COVID-19. Some retail deals in Beijing are expected to be completed in the near future, leading to a downward movement of QOQ cap rates. On the Industrial front, logistics continues to be relatively active over the past quarters.

  • The Australia investment market has been active over the last quarter, however, no significant fluctuations in cap rates were noted.

Download the latest APAC Cap Rates | Q2 2021 below. For more real estate advisory insights across Asia Pacific, reach out to our experts CK Lau and Dwight Hillier.

Asia Pacific Cap Rates | Q2 2021

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CK Lau

Managing Director | Asia

Valuation & Advisory Services

Hong Kong

CK Lau is the Managing Director of Colliers International responsible for valuation and advisory services in the Asian region.  He has over 30 years’ property experience in valuation, real estate consultancy and investment sales market in Hong Kong, the PRC and the Asian region. 

His expertise includes development consultancy; government lease modification application and premium negotiations; investment and development sites sales; litigation valuation advice and expert witness in the High Court/Lands Tribunal/arbitration; portfolio valuations; REIT property advice; rental determination; and valuation due diligence services.

He writes regularly on topics relating to land use and development in Hong Kong since 2010. His collection of over 200 articles in the Hong Kong Economic Journal and other publications can be viewed through the following link:

CK also participated as a member in the following publications:

• “The HKIS Valuation Standards 2017 & 2020”

• “HKIS Guidance Notes on Valuation of Development Land” published in 2016

• “Surveyors acting as experts in commercial rent determinations” Joint guidance note Hong Kong prepared by the HKIS and RICS Hong Kong” 1st edition 2015


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