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Asia Pacific Expert Insights | April 2022

Our experts discuss opportunities in the metaverse, transaction volumes in Singapore’s investment market, Seoul’s office market outlook for 2022 and record take-up in Western Sydney’s industrial market.

Markets to highlight this month:



Asia | Hospitality Insights Q1 2022


The outlook for hotels in 2022, key trends and insights and recommendations from our Hotels & Leisure experts.

In 2022, governments across the world have started to reduce travelling restrictions and have stepped-up efforts in rolling out vaccination plans. As the world continues to open for travel, the scene is set for a rebound in hospitality and leisure across geographies in the coming months.

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Asia Pacific | Expert Talks: Real Estate in the Metaverse


While it won’t replace physical real estate, the metaverse adds a new layer of potential opportunities for businesses and investors.

Ready or not, the metaverse is already a force to be reckoned with. This fast-evolving network of virtual spaces is not just defying physics – it’s set to redefine real estate as we know it. The metaverse is a network of virtual spaces where people can socialise, play, work, and even own property. But can virtual worlds generate tangible value for occupiers and investors? According to our experts, the answer is an emphatic yes.

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Australia | Industrial development update Q1 2022


The Western Sydney industrial market saw record take-up of both land and warehouse space in 2021.

2021 represented an unprecedented year for the Western Sydney Industrial market with take-up of both land and warehouse space being at record levels. Likewise, rental growth is currently at its highest level since 2013 while land values in Western Sydney increased by 51% in 2021. Our latest report provides an overview of the Western Sydney industrial land market including: the current land status and capacity, the timing of new supply, the a future land supply and land price outlook.

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Korea | 2022 Major trends in the transaction and leasing market


Seoul’s office market is seeing relentless expansion by tech tenants pushing our forecast vacancy to below 6% in 2022.

Seoul’s office market, centered around three major districts, is seeing a decline in new supply and relentless expansion by tech tenants pushing our forecast vacancy to below 6% in 2022. As alternatives to Seoul’s city center, we recommend tech tenants consider areas such as Pangyo, or Gwacheon, while biotech industry tenants should consider Magok, and Songdo in Incheon. We recommend investors pursue a strategy based on macroeconomic conditions and ESG standards in response to rising interest rates.

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Singapore | Investment Trends 2022


We expect higher transaction volumes in 2022, driven by large commercial deals in the pipeline.

Investment volumes should be strong in 2022. As yields compress, investors should focus on value-add and flexible usage assets, including assets such as CBD offices for redevelopment, warehouses, and shophouses. For FY 2021, residential sales made up the bulk of investment sales (43%), while office sales came in second (17%) with industrial sales tailing closely behind at (16%).

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Key Takeaways

The key takeaways in the infographic below reflect some of the main data points from each of the reports and articles profiled above

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For recommendations and insights into commercial real estate opportunities in these markets, reach out to our experts Govinda Singh, Abhishek Bajpai, Hannah JeongDavid HallRobert Wilkinson and John Howald.

View more of our expert thought leadership here, or visit our research library for past market insights across Asia Pacific. 

Related Experts

Govinda Singh

Executive Director | Asia

Hotels & Leisure


Govinda, a member of RICS and registered valuer, is a chartered certified accountant with a postgraduate diploma in economics and a certificate in business valuations, who began his career at Pricewaterhouse in audit and tax advisory.

Having worked as an Operations Manager for Hilton, he was the Financial Controller at the luxury Lanesborough Hotel, at which time he worked closely with the Rosewood and Starwood hotel groups at both the local and corporate level.

Govinda joined PKF in London in 2005 where he was a Managing Consultant within the Hotels and Leisure Valuation and Consulting  practice. He subsequently joined BDO’s Real Estate Valuation and Consulting  team in 2012, where he was a Director responsible for the EMEA, Caribbean and Asia-Pac regions.

Govinda joined Cushman & Wakefield Singapore in 2015 where he was a Director within the Asia-Pac Valuation and Advisory team.

He is now an Executive Director at Colliers International advising on, and valuing investments involving mixed-use, specialist and alternative asset classes across Asia and further afield.

He is also one of Colliers’ dedicated specialist portfolio advisors and valuers in the region, and globally.

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Abhishek Bajpai

Managing Director | Asia

Occupier Services


Abhishek Bajpai is Managing Director, Occupier Services | Asia at Colliers.

Based in Singapore, Abhishek is responsible for accelerating the growth of Colliers’ Occupier Services business across Asia, in close partnership with his counterparts in Australia and New Zealand, by focusing on building scale across the region. He also collaborates closely with Colliers’ global heads of Occupier Services to harness new client opportunities and deliver innovative services, while expanding client relationships.

Abhishek has more than 20 years of extensive commercial real estate experience, including more than 15 years at Colliers, with a proven track record of delivering exceptional results across Asia. He has most recently been driving the growth of Colliers’ Enterprise Clients business in Asia and has built an enviable portfolio of both local and global Fortune 500 clients.

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John Howald

Executive Director, Head of International Capital, Asia Pacific

Capital Markets & Investment Services


An accomplished leader in real estate cross-border investments and advisory, John brings a wealth of knowledge, expertise and track record from over 15 years of successfully securing investment opportunities and divesting large scale assets and portfolios for global capital.

John is the Executive Director, Head of International Capital across Asia Pacific for the Capital Markets & Investment Services business at Colliers. In this role, he is responsible for growing cross border investment activity from Asia Pacific in collaboration with the global capital markets teams. He leads international client relationship development and provides real estate investment and divestment advice, including origination and completion of investment transactions with global capital sources.

Prior to Colliers, John led Jones Lang LaSalle’s International Investment team in Japan, focusing on cross-border investment and structuring advice for direct real estate transactions and equity raises. John had previously worked as a real estate, hospitality and M&A advisor for a global consultancy in Tokyo and New York, as well as at a US-based developer.

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