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Talking Points: Real Estate Update | 15 November 2021

Colliers Asia - Research - Talking Points Fortnightly Real Estate Update

Real estate insights and recommendations for occupiers and investors in Asia Pacific based on the previous fortnight’s market events.


Markets in focus this week:

 

China  Overseas investment

Chinese M&A transactions most popular in the TMT, consumer products and financial services sectors

Chinese foreign direct investment concentrates in North America, Southeast Asia, and Central Asia. Among those investments, technology, media and telecommunications (TMT), consumer products, financial services, advanced manufacturing & mobility are the most popular sectors for merger and acquisition (M&A) transactions.

Colliers recommends Chinese overseas investors to be alert to overseas investment risks caused by the uncertain economy. Investors should organise professional teams to conduct market research and legal reviews to ensure the feasibility of investments while avoiding future operational risk. 

For more insights, reach out to Kevin Yuan.

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New Zealand - Industrial & logistics

Demand for industrial workspace across the Canterbury region held high

Demand for industrial workspace across the Canterbury region has held at high levels, driven by growth within the logistics, manufacturing and wholesale trade sectors.

Leasing options remain limited, particularly for high quality premises. Investment activity is constrained only by a lack of product being brought to market. Prime yields have tightened again over the last year with sales generally reflecting a yield of between 4.5%-5%, sharper for smaller premises.

For more insights, reach out to Chris Dibble.

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Philippines  Office

BPO and traditional corporate occupiers will continue to drive office demand in Metro Manila

Business process outsourcing (BPO) firms and traditional corporate occupiers will continue to drive office demand in Metro Manila. Net absorption is projected to remain negative in 2021 before deals pick up in 2022.

Over the next 12 months, improvement in vaccination rates, relaxation of mobility restrictions, and rise in business confidence should buoy office space absorption. Availability of options in prime locations and attractive rents should enable tenants to move to major business districts.

For more insights, reach out to Joey Bondoc.

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Philippines  Residential

Bracing for pent up demand

Residential leasing continues to be lukewarm due to the notable absence of demand from Philippines Offshore Gaming Operators (POGOs) and other expatriates. The government-projected economic rebound in 2021 and completion of infrastructure projects should play a pivotal role in pump-priming the secondary market.

Developers should be relentless in lining up projects and landbanking in key locations to maximize market recovery beyond 2021. Recovery hinges on a number of factors including a rebound of the office market.

For more insights, reach out to Joey Bondoc.

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For more real estate research insights across Asia Pacific, reach out to our experts Nicholas Wilson, Chris Dibble and Joanne Henderson.