APAC: investment property volumes
Singapore: investment property volumes
Japanese 10-year bond yield
Hong Kong SAR: one-month HIBOR
Debate over direction of yen; drop in deal activity in H1 should be temporary; Tokyo office vacancy modest and pressure on rents should ease
Now #2 investment centre in APAC; office market stays very firm; logistics sector also strong
Q2 real GDP growth beats expectations; cryptocurrency losses a risk for the financial system; Seoul office vacancy declines further; logistics supply very high
Rising interest rates pose challenge for residential market; investment activity subdued; office market under pressure; industrial and logistics sector still active
Cyclical indicators for Chinese economy partially rebound; mortgage boycotts spread; Shanghai cuts quarantine periods; companies remain active buyers of Shanghai property assets
Rising cost pressures cloud economic outlook; overall investment level down; biggest hotel deal in Australian history; investors look at Brisbane as well as Sydney and Melbourne
[i] Source: MSCI Real Capital Analytics database (20 July, 2022). Subject to revision.
[ii] Source: MSCI Real Capital Analytics database (20 July, 2022). Subject to revision.
[iii] Source: JLL REIS Tokyo Grades A and B Office databases (Q2 2022)
[iv] Source: Public Bank, Hong Kong
[v] Source: Bloomberg, Big Yen Short in Doubt for Global Traders Even as Tokyo Piles In (19 July, 2022)
[vi] Source: JLL REIS database, Q2 2022
[vii] The JLL REIS database cites 3.4% for Grade A space and 2.7% for Grade B space. CBRE and Colliers have higher estimates.
[viii] Sources: CBRE, Marketview | Japan Office | Q2 2022 (July 2022) and Savills, Office Leasing, Tokyo – Q2/2022.
[ix] Source: MSCI Real Capital Analytics database (20 July, 2022). Subject to revision.
[x] Source: JLL REIS Singapore office report for Q2 2022
[xi] CBRE (Figures | Singapore | Q2 2022) reports 7.6% growth y-o-y; JLL REIS data show 9.5%.
[xii] Source: Mingtiandi (1 July, 2022)
[xiii] Source: CBRE (Figures | Singapore | Q2 2022)
[xiv] Source: Oxford Economics, Data Insight | South Korea (26 July, 2022)
[xv] Source: Financial Times (27 July, 2022).
[xvi] Source: Colliers, Seoul Office Quarterly (8 July, 2022).
[xvii] Source: Oxford Economics (July database).
[xix] Source: JLL REIS database (July 2022)
[xx] See, e.g., CBRE, Hong Kong Figures - Office Q2 2022 (14 July, 2022)
[xxi] Source: Savills, Hong Kong Office Leasing (Q2 2022)
[xxii] Source: Kerry Properties’ announcement to HKSE (20 May, 2022), other
[xxiii] Sources: Oxford Economics, Country Economic Forecast | China (22 July, 2022); Schroders Economics Group (22 July, 2022).
[xxv] Source: Loudian news agency (20 June, 2022).
[xxviii] Source: Oxford Economics, Country Economic Forecast | Australia (18 July, 2022)
[xxix] Source: MSCI, Capital Trends | Australia (Q2 2022)