Asia Pacific electric vehicle (EV) sales have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales. The soaring demand for charging facilities across the region provides the opportunity for commercial real estate owners to enhance their assets with EV charging installations.
According to new CBRE research, institutional investors are attracted to prime hotel assets in tier one markets across Asia Pacific, even though tourist arrivals in key destinations are only reaching 70-80% of pre-pandemic levels.
According to JLL's Hotel Operators' Sentiment Survey 2023, hotel occupancy levels in the Asia Pacific (APAC) continue to rise steadily following the reopening of all key markets, the ramping up of air capacity, and a strong pick up in conferences and events around the region.
Based on the 10 cities covered by Knight Frank's Prime Global Rental Index, global rental values rise 7.5% in the year to June. While this rate was down from the 8.2% seen in Q1, and lower still than the 12.2% growth reached in the first quarter of 2022.
According to CBRE's newly released 2023 Asia Pacific Real Estate Market Outlook Mid-Year Review, a continued challenging environment for the Asia Pacific commercial real estate investment market still persists due to the prolonged interest rate hike cycle, insufficient price corrections, and a slower than expected recovery of mainland China.
Posted on August 09, 2023
Posted on May 09, 2023
Posted on March 30, 2023
Posted on January 03, 2023
Posted on December 30, 2022
Posted on December 05, 2022
Posted on October 13, 2022
Posted on September 02, 2022