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Asia Pacific Market Snapshot | Q3 2022

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Dealmaking activity across Asia Pacific continued despite macroeconomic challenges, with investors banking on office and industrial assets for long-term value.


Major real estate markets across the Asia Pacific region had to contend with high inflation and rising interest rates, which impacted sentiment and slowed the momentum gained in the first half of the year. Nonetheless, these challenges were offset by the lifting of Covid-19-related restrictions on travel and work in most countries, which supported dealmaking and helped market participants adopt a cautiously optimistic view of the future.

Regional trends and key report highlights for Asia Pacific:

  • In Australia, Melbourne and Sydney recorded transactions worth nearly USD1.5 billion as ongoing flight-to-quality continues to underpin recovering office fundamentals, particularly across the Prime end of the office sector.

  • Major markets in China witnessed deals worth over USD4.79 billion, with transactions dominated by the office segment.

  • Deals resumed in Hong Kong SAR despite Fed rate hikes, with transaction volumes jumped 133% quarter-on-quarter to USD5.27 million.

  • Although the strong momentum in the first two quarters slowed amid various economic headwinds, year-to-date investment volumes in Singapore touched USD16.7 billion, or 85% of the total recorded in 2021.

  • The real estate market in India enjoyed an upbeat quarter, with multiple segments in key Indian markets experiencing strong demand, and three en-bloc transactions worth USD500 million in Mumbai and the National Capital Region finalised.

  • Japan witnessed the sale of an office building in Tokyo for a record-high price of over USD2.86 billion, and low rates and relaxing of border restrictions are expected to benefit real estate transactions.

  • Investment activity continued in Korea, with total office transactions reaching USD2.2 billion as Seoul office real estate continues to power the Korean market.

  • Taiwan remains a relatively safe investment destination, witnessing transactions worth over USD900 million.

Download the report below for more expert recommendations for real estate owners and investors across Asia Pacific, or contact our experts Thomas Chak and Stanley Wong for key trends and opportunities across the Asia Pacific capital markets.


Asia Pacific Market Snapshot | Q3 2022

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Related Experts

Thomas Chak

Co-Head Capital Markets & Investment Services

Capital Markets & Investment Services

Hong Kong

AREA OF EXPERTISE
Being an award-winning industry specialist, Thomas is highly regarded amongst his peers and clients with over 18 years’ property investment experience. The key client focus of Capital Markets remains institutional clients, local investors and developers, family offices and private high net worth individuals as well as PRC inbound capital. 

PROFESSIONAL ACCOMPLISHMENTS

Thomas develops and fosters partnership and consultancy based approaches to clients, resulting in improved profitability through high client retention rates and improved business profile. 

BUSINESS AND EDUCATIONAL BACKGROUND

Thomas has joined Colliers as Executive Director of Capital Markets in July 2019. In a way, this is a homecoming for Thomas as he was with Colliers’ Capital Markets team between 2006 and 2008.  Prior to joining back Colliers, he was with Knight Frank as Senior Director of Capital Markets, where he completed transactions of over HK$8 billion.   

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Stanley Wong

Senior Executive Director | Co-Head of CMIS

Capital Markets & Investment Services

Hong Kong

Stanley is an industry-leading real estate professional with over 20 years’ experience working in Hong Kong’s property investment market. During this time, Stanley worked as an Executive Director and the former Head of Capital Markets for a competitor from 2012 to 2020 where he handled over HK$20 billion in transaction value

Stanley has a bachelor’s degree in Surveying and an MBA from the University of Hong Kong. Since completing his educational studies, Stanley has continued his professional development to become a member of the Hong Kong Institute of Surveyors and RICS.

Stanley’s transactional background and core skill set includes handling tenders and auctions for major assets such as retail podiums, enbloc buildings, development sites, major shopping centres, grade A offices and luxury residential. He also has experience on property acquisitions and disposal for major developers, investors and end-users in Hong Hong, as well as overseas institutional investors.

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Asia Pacific Market Snapshot | Q3 2022