Research

"In this month's newsletter, we look at where capital is heading as markets split. Hotel investment has been moving out of the gateway cities, the best office buildings have pulled furthest ahead where tenants have the most choice, and stress in property lending is showing up outside the banks."

"Retail recovery is increasingly asset-specific: the strongest locations combine a clear customer proposition with experiences that turn visits into spending."

"Demand now extends beyond Prime Central: alongside the first movers, a next wave of fund managers is expanding, driving Central vacancy lower and underpinning a broader rental recovery across the district."

"Robust demand from banking and fund professionals, as well as high-income talent, together with constrained luxury supply, continues to underpin Hong Kong’s luxury leasing market, with rents expected to keep rising steadily, albeit at a more moderate pace."

"Education is emerging as one of the clearer sources of new demand in Hong Kong’s property investment market, supporting both student accommodation conversions and long-term lettings in selected retail and commercial properties. However, growth in education-related transactions does not signal a market-wide recovery. Investors need to distinguish an individual asset’s operational potential from wider sector trends and assess its value against sustainable net income after conversion and operating costs."

"In this month’s newsletter, we take a look at how capital markets across APAC are becoming more concentrated, both in who is deploying capital and where it is going. A small group of large investors now accounts for almost half of transaction volumes, cross-border capital is taking a much bigger role in Japan, and the corporate capex cycle is increasingly concentrated in technology and resources."

"The Great Wealth Transfer is reshaping the geography of wealth, creating new opportunities for locations that combine business strength, wealth preservation and exceptional quality of life"

"From Store Count to Store Quality: Chinese Brands’ Evolving Retail Strategy for Asia"

"Bond market moves, especially at the long end of the curve, have been grabbing headlines over the past few weeks. Nominal yields in some markets have climbed to levels not seen in a generation."