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Asia Pacific Expert Insights | August 2022


From Australia and New Zealand to India, Singapore, South Korea, Japan and beyond, our experts see demand for office space despite the dominance of hybrid work models, as well as new opportunities across the real estate spectrum.

In this month’s edition of our Expert Insights, we take a closer look at some of the top regional trends, including surging office enquiries in Australia, a demand-led recovery in New Zealand's hotel market and a buoyant Singapore investment market outlook for H2 2022. We also examine the burgeoning ESG opportunities in China, and how the Philippines is now touted as the next viable destination for data centres.


Markets to highlight this month:

East China


Australia | H1 2022 Office Demand Index

Nationwide office demand increased in H1 2022, setting a record for half-year demand.

The majority of markets in Australia witnessed an increase in the area enquired for in H1 2022 compared to H1 2021. Nationally, there were 2,088 enquiries for over 1.622 million sqm recorded — an 11% increase on the area enquired for, and a 1% increase on the number of enquiries when compared to H1 2021.

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East China Radar | ESG: pathway towards a greener future

Sustainable development is a priority both in China and globally, and ESG is an essential part of corporate development.

Sustainable development has become one of China’s core policies; both in China and globally, environmental, social and governance (ESG) is an essential part of corporate development. For the real estate industrywhich accounts for about half of total carbon emissions globallyinvestors, developers and operators should actively explore how to introduce ESG strategies and management to improve the performance of their projects.

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New Zealand | Hotel Market Snapshot

New Zealand hotels have seen exceptionally strong room rates despite occupancy rates still recovering.

The New Zealand Hotel sector continued its strong demand-led recovery in Q2, with a particular emphasis on higher volumes of international and corporate travellers. One of the main talking points has been exceptionally strong room rates achieved across the country, despite occupancy rates still in recovery phase. Average room rates for the quarter ending June 2022 were above the same period in 2019 in four out of five main centres.

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Philippines | Developers plug in to data centre demand

The Philippines is one of the prime emerging data-centre markets in Southeast Asia.  

The country saw investments in the sector reach PHP15.5 billion (USD298 million) in 2021. The growing demand for these facilities will only increase, given the continued rise of e-commerce, proliferation of cloud computing technologies and need for 5G connectivity, among many other factors.

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Singapore | Q2 2022 Investment Market Report

Singapore investment volumes should continue their momentum in H2 2022, as the buoyant market brings more assets up for sale.

As yields compress, we recommend investors focus on assets with the potential for value-add and flexible usage. However, with increasing borrowing costs and macroeconomic uncertainties, investors are likely to turn more cautious and selective.

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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 Simon Hunt, Richard Shen, Dean Humphries, Paul Chua, Tang WeiLeng.

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

Related Experts

Simon Hunt

Managing Director, Australia | Office Leasing

Office Leasing


As the Managing Director of the Office Leasing Division my team includes over 100 staff and more than 75 leasing operatives across every State and Territory. I have been with Colliers International for 25 years, joining the Office Leasing team in 1993 and worked my way up to Managing Director in 2005.  Along with managing the Office Leasing National Team I hold a number of senior positions within Colliers including a member of the ANZ Executive, Executive Leadership Team and Senior Leadership Team.  I am a Licenced Estate Agent and a member of the Real Estate Institute of Victoria, Property council of Australia and RICS - Royal Institute of Chartered Surveyor.

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Richard Shen

Managing Director | East China


Richard joined Colliers in 2018 as the Managing Director of East China. By expanding the service coverage, he built the platform of East China, the new platform covers the full service chain of government relations integration, resource acquisition, planning, government policy collaboration, marketing strategy, operational services, intermediary agents, clients service and asset management. He leads the team to provide clients with comprehensive solutions.

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New Zealand

Dean Humphries

National Director | Hotels

Hotels | New Zealand / South Pacific

Auckland CBD

Dean is a highly respected hotel investment advisor specialising in the disposal, acquisition and valuation of hospitality and tourism assets.  Dean provides advice to many institutional and tourism related entities including those noted in the client info tab.

Dean is also actively involved in a range of work in the wider South Pacific basin including; Fiji, Tonga & Samoa.

Dean joined Colliers International in May 2013 as National Director, Hotels for New Zealand and the South Pacific.

Prior to that Dean was Executive Vice President of Jones Lang LaSalle Hotels & Hospitality Group New Zealand & Queensland with over 25 years’ experience in the wider property industry.

He has also been actively involved in the wider property industry, holding a senior lecturing position at the University of Auckland between 1999 and 2011.

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Paul Chua


Capital Markets & Investment Services


Paul joined Colliers as the head for Capital Markets and Investment Services in the Philippines. His mandate is to deliver success to our clients, to strengthen our position in the industry, and to drive the growth of our business through acquisition, ownership and disposition of real estate assets that will drive returns to our client’s portfolios.

Paul has over 20 years of professional experience in real estate development solutions, strategic acquisitions, deal structuring, financial modeling, and venture capital.

He is well regarded for his insight and expertise in the Philippines real estate industry. His clientele includes major real estate developers, multi-national companies and large local organizations.

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WeiLeng Tang

Managing Director | Head of Capital Markets Singapore

Capital Markets & Investment Services


WeiLeng is the Managing Director | Head of Capital Markets in Singapore and is responsible for the growth of Colliers' Capital Markets & Investment Services team. An exceptional leader of great entrepreneurial spirit, WeiLeng possesses strong capital markets expertise and proven track records. She is adept in advisory and brokerage, as well as principal real estate. With more than 25 years of experience in the real estate industry, she excels in building deep client relationships and extensive industry network. ​

WeiLeng has a strong collaborative culture and regional outlook, which enables her to fully connect Colliers Singapore to our other businesses within Asia Pacific and across the global platform. It creates added value for clients who now demand highly effective solutions spanning from country to country.

Capital Markets is her expertise. Her first foray into real estate began nearly three decades ago when she was headhunted by government service. She has since accumulated a wealth of experience in selling buildings, hotels and development land. She sold her first office building at 20 Malacca Street at Raffles Place – just barely one year into her new role. That same relentlessness saw her through many more deals, some bigger, others smaller. Over the years, she has developed an excellent network and invested in strong relationships.

She often gets the question, "What drives you?", which she usually answers, "the inexplicable joy I see on my clients' face when I close a deal!" By building trusted relationships, she has successfully entered into joint ventures with both CapitaLand and City Developments Limited (CDL), during her stint on the buy-side with Wells Fargo (then Wachovia Real Estate).

Having three daughters of her own that are coming of age, she understands her people's aspirations and recognises the acceleration of success of her people as one of her key focuses, where she mentors and nurtures them in becoming the next generation of leaders.

Colliers has given her tremendous space to accelerate her success, and she would like to accelerate yours too. Connect with her today!

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