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Asia Pacific Market Snapshot | Q2 2021

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Key markets across APAC showed sustained recovery, led by strong demand for commercial assets from investors and occupiers.

Across Asia Pacific, the ongoing recovery in key property markets continued in the second quarter (Q2) of 2021 and looks set to sustain through the second half, led by the office and industrial sectors.

Regional trends and report highlights for Asia Pacific:

  • Australia and New Zealand continued to see market revival, amidst renewed leasing demand for CBD space in Sydney and Brisbane, and growing demand for industrial and large retail assets in Auckland.

  • Investment activity picked up in Hong Kong, with investment transaction volumes leaping 175% year-on-year (YoY) to US$4.33 billion.

  • Low interest rates and liquidity boosted demand for office assets in Korea, with a strong preference for core assets in Seoul's Gangnam Business District (GBD).

  • Total investment sales in Singapore grew 86.3% quarter-on-quarter (QoQ) to US$5.2 billion led by the office, industrial and residential sectors, restoring the Lion City's status as a safe-haven.

  • Office property demand in China fuelled deals in major Chinese markets; transactions in Beijing hit a record high of US$4.02 billion.

  • Japan's property market continued to see investment interest and activity in the office, residential and logistics sectors


Download the report below to find out more expert recommendations for investors across Asia Pacific. Contact Terence Tang and John Marasco for more key trends and opportunities across Asia Pacific capital markets.

Asia Pacific Market Snapshot | Q2 2021

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Terence Tang

Managing Director | Asia

Capital Markets & Investment Services


A veteran in the real estate industry, Terence has more than 30 years of experience in principal real estate investment management and advisory services. Over the years, he has undertaken more than 150 real estate transactions, with a combined value of over USD12 billion – spanning different sectors across Asia.

At Colliers, Terence helms the Capital Markets & Investment Services Asia business, which is made up of a team of more than 130 senior Investment Services executives across the region.

Prior to joining Colliers, Terence was with Invesco Real Estate Group, where he was the Head of China before relocating back to Singapore to assume the role of Head of Southeast Asia.

Before Invesco acquired the Asia Pacific real estate fund management platform of AIG in January 2011, Terence was the Managing Director of AIG Global Real Estate Group, overseeing the real estate business in Greater China.

Prior to AIG, Terence led deal sourcing, evaluation, negotiation, due diligence, and acquisition of deals in Asia for the Government Investment Corporation of Singapore (GIC) as Senior Vice President, Investment & Asset Management. He also led the Asia Assets Restructuring Group, overseeing and ensuring improved asset performance for various commercial buildings in Asia Pacific.

Terence was formerly the Head of China Investments with Jones Lang LaSalle (JLL), where he was instrumental in setting up and heading the business unit. Earlier in his career, Terence was also the Managing Director of JLL Singapore before he left to join GIC Real Estate.

Terence is a frequent speaker at several real estate conferences, some of which include ANREV, Private Equity Real Estate (PERE) Asia Summit, China Global Real Estate Institute, Deutsche Bank Access China, Real Estate Investment World, and Vision Insights and Perspectives, among others.

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