Skip to main content Skip to footer

Asia Pacific Expert Insights | July 2022

RESEARCH_APAC_ExpertInights_July_1536x1040min

We discuss opportunities in the life sciences sector in Australia, opportunities to rediscover Kowloon West in Hong Kong, Korea’s Commercial Real Estate Investment Market, a Wine Market Update from New Zealand and the latest GDP numbers from the Philippines.


Markets to highlight this month:

 
Australia
 
 
Hong Kong
 
 
Korea
 
 
NZ
 
 
Philippines

 

Australia 2022 Life Sciences Report

 

Life sciences assets are lower risk, with long-term cash flows and reduced rental downtime.


Life Sciences sector growth has created a specialist real estate need. The size of the sector as an asset class is growing, including specialist buildings encompassing traditional offices, labs and production-based facilities. Like many alternative real estate asset classes, life science companies prefer locking in longer lease terms, given the more specialised nature of the space they occupy. This provides real estate offers a lower risk asset with a long-term cash flow and reduced levels of rental downtime.

Read more

Back to top

Hong Kong | Rediscovering Kowloon West

 

Driven by a need to integrate with the Greater Bay Area, Hong Kong’s development will shift from east to west.


We expect a shift in Hong Kong’s development to the west over the next two decades. Driven by Greater Bay Area integration, emerging office clusters in Kowloon West should become an alternative flight-to-quality location, supported by relatively low rents when compared to CBD and the new supply of high-quality buildings. This report outlines the upcoming development areas and infrastructure projects on the western side of Hong Kong and identifies related opportunities for occupiers and investors.

Read more

Back to top

Korea | Commercial Real Estate Investment Market

 

Korea’s investment market is evolving amidst high demand and rising interest rates.


In 2021, led by domestic investors, the Korean commercial real estate investment market achieved the highest investment volume across all sectors due to low interest rates and abundant liquidity. Competition is also increasing, with not only REITs, but also investment platforms offering digital asset backed securities (DABS) and tech companies arising as major buyers of real estate. We recommend investors diversify, such as from offices to data centers, to reposition capital seeking the highest returns available in the current market.

Read more

Back to top

New Zealand | Wine Market Update

 

Strong wine industry growth and stronger demand from export markets is resulting in vineyard values increasing.


We have seen strong growth in the wine industry with increased vineyard production, processing capacity and stronger demand from export markets. Over the past 10 years exports doubled to $2.1 billion, driving an increase in vineyard values. Over the past 15 years, productive vineyard land in New Zealand increased by 64 percent and we expect this will grow further with 1,000+ hectares to be planted within the next couple of years.

Read more

Back to top

Philippines | Q1 GDP Flash Report

 

Property is in expansion mode as economic growth surpasses pre-2020 levels.


The Philippine economy surprised with an 8.3% growth in Q1 2022, a reversal from the 3.8% contraction posted a year ago, making the Philippines the fastest-growing economy in the East Asian region during the period. We believe this level of economic output sets the stage for accelerated GDP growth beyond 2022. The continued implementation of pro-property reforms such as accelerated infrastructure construction should guide property firms with their expansion plans over the next three to six years.

Read more

Back to top

 

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



Back to top



 

For recommendations and insights into commercial real estate opportunities in these markets, reach out to our experts Ian Sanders, Thomas Chak, Sungwook Cho, Tim Gifford, Richard Raymundo.

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

 


Related Experts
Australia

Ian Sanders

Head of Transaction Services, Asia Pacific | Healthcare and Retirement Living

Healthcare & Retirement Living

Melbourne

Ian is Head of Healthcare & Retirement Living, leading, and overseeing the strategy and development of the Colliers International healthcare offering, nationally and across Asia Pacific. As a trusted advisor, with 20+ years’ experience across healthcare, finance and property, Ian has an extensive understanding of the broader implications of industry, government, and market conditions.

With full operational accountability across the divisions P&L, Ian leads a national team with responsibilities for:

  •  Implementing overall market engagement strategy across:

        - Retirement Villages
        - Hospitals
        - Aged Care
        - Childcare
        - Allied health
        - Medical centers
        - Manufactured Housing Estates (MHE)

  •     Broadening the service proposition to include strategic and market consultancy in addition to valuations and transaction services
  •     Facilitating inbound offshore investment into Australian Healthcare
  •     Facilitating outbound intellectual property into Asian markets

Area of Expertise 

    Specialized health and aged care, 

    Strategic execution

        - Innovation and Driving Change

        - Finance and capital markets

        - Governance

        - Sales and marketing

        - Analysis and advisory

        - Not for profit sector

View expert
Hong Kong SAR China

Thomas Chak

Executive Director

Capital Markets & Investment Services

Hong Kong

AREA OF EXPERTISE
Being an award-winning industry specialist, Thomas is highly regarded amongst his peers and clients with over 18 years’ property investment experience. The key client focus of Capital Markets remains institutional clients, local investors and developers, family offices and private high net worth individuals as well as PRC inbound capital. 

PROFESSIONAL ACCOMPLISHMENTS

Thomas develops and fosters partnership and consultancy based approaches to clients, resulting in improved profitability through high client retention rates and improved business profile. 

BUSINESS AND EDUCATIONAL BACKGROUND

Thomas has joined Colliers as Executive Director of Capital Markets in July 2019. In a way, this is a homecoming for Thomas as he was with Colliers’ Capital Markets team between 2006 and 2008.  Prior to joining back Colliers, he was with Knight Frank as Senior Director of Capital Markets, where he completed transactions of over HK$8 billion.   

View expert
Korea

Sungwook Cho

Executive Director

Capital Markets & Investment Services

Korea

Sungwook Cho is the Head of Capital Markets & Investment Services at Colliers International Korea. He is an industry veteran with 20+ years of commercial real estate experience, recording more than USD 15 billion in transaction volume with a proven track record that includes many landmark assets across the commercial, retail, and development sectors in Korea.

Over the many years of experience in commercial real estate, he has well-established a wide range of relationships with domestic institutional clients and asset management companies.

He is passionate to leverage his industry experience to further expand relationships with clients overseas and to collaborate with experts across the globe to secure international capital from Colliers’ global network of clients.

View expert
New Zealand

Tim Gifford

Director | Rural Valuation

Valuation & Advisory Services

Blenheim

Tim has 13 years property valuation experience and is based in our Blenheim office. Prior to joining CAPI in 2006 he worked as a valuer for Quotable Value based in Christchurch..

Since 2006, Tim’s client work has included viticulture, high country tenure review and rental valuations, pastoral valuations, lifestyle, specialised asset valuations and compensation for various infrastructure projects nationwide.

Tim’s viticulture experience includes the valuation of vineyards for financing, sale & purchase and rent setting purposes for a number of clients including Pernod Ricard, Indevin, Wither Hills, Cloudy Bay, Allan Scott Wines, Treasury Wine Estates, plus a number of others. Tim is also frequently engaged to provide valuation advice to most of the major banks. Having grown up and lived most of his life in Marlborough, Tim has in depth local knowledge of the region.

Tim has extensive experience in valuing large pastoral and high country properties throughout the South Island, either on behalf of Linz for tenure review or rent review purposes or for corporate and private landowners. Properties valued include Muller Station, Mt White, Mt Albert, Mt Creighton, Godley Peaks, Hossack, Glen Wye, Glenhope, Forest Range plus many more. Tim is designated as an assessor under Section 23P Crown Pastoral Land Act 1998 to provide rental assessments on Crown Pastoral Lease properties.

Compensation is another key area of expertise and Tim has provided property advice on a number of projects nationwide including Transpowers 400kV transmission line build through the Waikato, Central Plains irrigation scheme through Canterbury, land acquisitions for roading on behalf of the New Zealand Transport Agency as well as new transmission line easement assessments for various network operators throughout New Zealand.

Tim offers our clients excellent technical skills and market knowledge, together with a sound appreciation of both private and public sector imperatives. He plays a key role in our viticulture, pastoral and compensation valuation teams.

View expert
Philippines

Richard Raymundo

Managing Director

Manila

With over 25 years of research and consultancy experience, Richard has been involved in various projects in Asia. He has been involved in various projects in Asia particularly the Philippines, Hong Kong, China, Indonesia, Korea, Malaysia, Vietnam, Cambodia and Thailand. This has covered sectors from simple developments to large-scale mixed uses with office, retail, residential, hotel, industrial and institutional land uses.

Richard has been involved in complex assignments that entail creative solutions. This would include brand conceptualization, destination development, land use spatial analysis and marketing strategies. 

View expert