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Fortnightly Real Estate Update | 16 August 2021

Colliers Asia - Research - Talking Points Fortnightly Real Estate Update

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

Markets in focus this week:


Singapore - Retail H1 2021

Affordable rents present opportunities for new brands to enter the market

Average retail rents declined 2.4% in H1 2021, despite net absorption turning positive. With landlords prioritising occupancy, we see an opportunity for new brands to enter the market via concept or flagship stores, as part of an omni-channel distribution network. We recommend retailers and landlords accelerate and synergise their digitalisation efforts, align online and offline pricing strategies, and innovate with refreshing product offerings and marketing efforts.

For more insights, reach out to Shirley Wong.

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Beijing - Business Parks H1 2021

High levels of pre-leasing should lead to a pick-up in rents in H2 2021, despite new supply of nearly 450,000 square metres in H2 2021

The 2021 supply peak should alleviate shortages in some submarkets, but increasing demand will minimise any rental declines. We recommend tenants carefully evaluate tax benefits and other incentives when looking for business park space.

For more insights, reach out to Cassie Gao or Ming Lu.

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Australia - Office H1 2021

Market conditions varied, Sydney CBD seeing a big bounce back in enquiries

The Sydney central business district (CBD) has seen a big bounce back in enquiry numbers and area likely due to Sydney's restrictions easing earlier than those in Melbourne, offering more time for recovery.

When we consider enquiry size made in the first half of 2021, 81% of all enquiries have been for space under 1,000 sqm. All size segments have recorded more enquiries year on year with only the 3,000+ sqm segment recording less area enquired on prior year, down 16%.

For more insights, reach out to Joanne Henderson.

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New Zealand - Commercial and Industrial

Investor confidence hits new highs, but will it continue?

Results from Colliers’ sentiment surveys show that investor confidence in the commercial and industrial sector as well as the future expectations in residential prices rebounded strongly over the past year. Confidence measures have reached record highs in recent months as concerns over the impact of COVID-19 have dissipated, but will confidence continue?

For more insights, reach out to Chris Dibble.

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