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Taipei Office Brief - Q4 2023
"Corporates resume office relocation assessments The completion of new buildings meant that average Grade A offi ce rents increased by 2.9% in 2023."
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"Corporates resume office relocation assessments The completion of new buildings meant that average Grade A offi ce rents increased by 2.9% in 2023."
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"2023 transaction volumes hold firm The expansion of the tech industry has led to demand for I/O in northern Taiwan."
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"In contrast to recent historical experience, price growth for units could potentially outperform houses in the coming years, as the discount for units coupled with strong rental growth and the ongoing demandsupply imbalance for apartments drives stronger capital growth."
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"Beijing retail market experienced a positive recovery trend and consumption boom in 2023, boosted by sufficient supply and demand after the three-year pandemic."
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"The expanding supply in the Chongqing retail property market in recent years has further intensified market competition. In addition to continuing to optimize the brand and format mix, future business projects need to pay more attention to how to innovate the operation model and enhance competitiveness with higher quality services."
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"Despite ongoing challenges, Ho Chi Minh City’s office market remains resilient, poised for a robust rebound to its pre-COVID prowess. The emergence of increased green, Grade A space highlights a promising trajectory for the city’s commercial real estate."
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"Chennai’s remarkable ascent to the third place in India’s office leasing markets is owing to a dynamic real estate landscape which has played a pivotal role in the country’s commercial office sector growth."
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"Thailand welcomed 7.2 million visitors in Q3, and this was reflected in the performance of Thai hotel operators and the broader economy."
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"Strong demand, high construction and land costs have contributed to elevated prices of both new and second-hand condominiums in Osaka. Wage growth has been slow in omparison, and many people will likely be priced out and required to stay in the rental residential market."
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"Metro Manila’s post-pandemic office scene is slowly regaining momentum, with developers focusing on introducing more certified green buildings. Older buildings need to remain competitive, forcing landlords to adapt and invest in strategies that align with changing priorities."