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Asia Pacific Expert Insights | January 2023

Colliers APAC Experts Choose Experts - Expert Insights January 2023

In this edition of regional insights, we explore new opportunities across Australia’s residential markets, Grade-A offices in Hong Kong and Japan, Korea’s burgeoning data centers market, along with the Philippine property outlook and hospitality insights across Asia.


Residential Wrap

H2 2022

Developers stay confident with strong sale prices of quality projects even as increasing land prices and construction costs remain top concerns.

Market update: Development sites

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Hong Kong

Grade-A Office

Leveraging business districts

A closer look at
the development of major CBDs with new insights
enabling occupiers to make informed decisions on their current real estate footprint.

Rise of CBDs in Hong Kong

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Grade-A Office Supply Outlook

2023 - 2027 

As more new offices with high-end features and functionality become available at reasonable rent, it’s an excellent time to plan and implement future office strategies.

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Data Center


As Korea’s data centers market grows over next five years and morphs into an independent asset class, investors expect stable operating income led by increasing demand.

Korean Data Center market in 2023

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Property Outlook


Philippine property is on recovery mode. Insights and recommendations for office, residential, retail, industrial and hotels sectors. 

Philippine real estate update

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Hospitality Insights

Q3 & Q4 2022

Re-pricing of hotels, impact of rising interest rates, co-living a new opportunity, metaverse and NFTs in hotel industry, and more insights.

Change in RevPAR YTD September 2021 VS 2022

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For recommendations and insights into commercial real estate opportunities in these markets, reach out to our experts Blake SchulzeFiona NganGovinda SinghRichard RaymundoSungwook ChoYuji Arafuka.

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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