2022-04-21 16:00
Singapore’s good class bungalow (GCB) market yielded impressive results in 2021. Notwithstanding the ongoing pandemic, sales soared above the pre-pandemic level and market performance… Read More
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Jll Asia Pacific Research Blog
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ecommerce
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sustainability
retail
highend rental housing
low energy
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Our team of researchers write and share opinions on the Asia Pacific real estate markets – covering the office, retail, residential, industrial and hotel sectors – as well as key economic trends relevant to real estate.
2022-04-18 16:00
“Metaverse” has been one of the most popular terms amongst tech giants in recent years. So what exactly is metaverse? In simple terms, it is an advanced development of the intern… Read More
2022-04-13 16:00
Tokyo’s logistics market has been experiencing major changes, arising from the boom of e-commerce and transportation companies. Over the last few years, e-commerce has expanded rapidly… Read More
2022-04-11 16:00
Unlike other mature markets where the leasehold property tenure is widely recognised across all residential market segments, Thailand, particularly Bangkok, falls behind. Less than one-tenth… Read More
2022-04-06 16:00
Singapore is en route to having 80% of all new buildings be Super Low Energy (SLE) from 2030. This is one of the three goals of the refreshed Singapore Green Building Masterplan 2021.
Figure… Read More
2022-04-03 16:00
JLL Research South China has been continuously tracking Shenzhen’s prime retail market. Recently, we gathered the statistics of all leasing transactions recorded in 65 prime shopping m… Read More
2022-03-29 16:00
Almost every product you buy comes in some form of packaging that plays multiple roles. It protects the product, provides useful information, and even works as a marketing attraction for con… Read More
2022-03-24 16:00
There are increasing signs of compulsory implementation of sustainability in new projects for long-term development. According to the World Bank Analysis (2020) of shape and growth of… Read More
2022-03-21 16:00
The year 2020 proved to be a game-changer in the Indian office market, as the spread of Covid-19 changed the way companies function. Many corporate workers began to work from home, causing i… Read More
2022-03-17 16:00
In late 2021, Warburg Pincus-backed Golden Union Assets acquired the Cohost West Bund – a high-end rental housing project in Shanghai from fund manager Schroder Pamfleet and Hong Kong… Read More
2022-03-14 16:00
The pandemic has led to the increased interest in data centers across the globe, and the Philippines is no exception. The local data center market saw significant activity beginning last yea… Read More
2022-03-10 16:00
The past two years have been a period of unprecedented disruption in corporate real estate (CRE). Social and workplace restrictions and widespread remote working have led to changing employe… Read More
2022-03-07 16:00
Retailers have begun to harness the power of experiential retail to lure consumers back to stores. With the boom of e-commerce sales, the introduction of experiential retail couldn’t h… Read More
2022-03-03 16:00
After the recession in 2019-20, Hong Kong achieved 6.4% GDP growth in 2021, signalling a strong economic recovery. In particular, the industrial property sector has registered an unexpected… Read More
2022-02-28 16:00
What is Metaverse? Mark Zuckerberg, the CEO of Facebook, in his Connect Keynote in 2021, discussed his vision of the metaverse and the company’s rebranding to Meta. Following that, the… Read More
2022-02-24 16:00
From scenic beaches and scrumptious cuisines to now medical and surgical expertise, Malaysia has become one of the top health tourism destinations in Asia Pacific alongside Singapore, India… Read More
2022-02-21 16:00
Initiatives to address ESG (Environment, Social and Governance) are increasing worldwide, and several initiatives are underway too in Japan’s real estate market.
In 2021, global p… Read More
2022-02-17 16:00
Indonesia’s economic growth rebounded to 3.7% in 2021 from the 2020 recession. However, the pandemic continued to impact most Indonesian real estate markets in 2021.
Office leasing act… Read More
2022-02-14 16:00
Apartment asking rents have recovered significantly over the past 18 months since the onset of COVID-19. Albeit the magnitude of initial impact felt across each city’s rental market va… Read More
2022-02-10 16:00
With the pandemic looking set to continue through the first half of 2022, thoughts of a buoyant retail industry spurred by 40 million tourist arrivals and an economy driven by increasing exp… Read More
2022-02-07 16:00
Originally designated as a semi-industrial zone, Seongsu was packed with factories and shoemakers until the 2000s. However, recently, factories have been converted into fascinating restauran… Read More
2022-02-03 16:00
In the Beijing commercial real estate market, recovery momentum in 2021 continued to strengthen from 2020. The city kept fostering new industries and sources of demand to build a more resili… Read More
2022-01-27 16:00
With a large population, extremely tight living space (~150 sq. ft/person), and robust e-commerce businesses, demand for self storage facilities in Hong Kong is expected to sustain in the co… Read More
2022-01-24 16:00
This message is loud and clear from the responses we received from employees, occupiers (employers) and property owners in our New Zealand Office Sentiment Survey.
The office continues to ha… Read More
2022-01-20 16:00
China’s “Carbon Peak”, “Carbon Neutralisation” process is accelerating in the fourteenth five-year plan period, compounded with recently tightened regulations o… Read More
2022-01-17 16:00
Australian apartment prices have grown strongly the past year (14.2% over the year to November), but this is only around half the growth seen in detached housing.
There are good reasons for… Read More
2022-01-13 16:00
The Indian office market has not been immune to repercussions of the COVID-19 global pandemic during the past two years, and the impact was more significant than that of the Global Financial… Read More
2022-01-10 16:00
Sustainability is an upcoming lever for talent attraction and retention. This finding is inferred from JLL’s recent survey of 200 employees in Singapore, which results showed that more… Read More
2022-01-06 16:00
Brighter signs finally emerge in Japanese society and economy, as the country is overcoming the latest wave of COVID-19. JLL Japan Research has released the monthly recovery index − a… Read More
2022-01-04 16:00
China’s healthcare sector is at an inflection point, as the market develops. The COVID-19 pandemic has caused an unprecedented demand for medical innovation, research and development (… Read More
2022-01-02 16:00
The Victoria Department of Transport recently released The Container Logistics Chain Study 2020, concentrating on the Port of Melbourne. The study reported a 95% increase in import container… Read More
2021-12-14 16:00
Universal Studios’ fifth theme park opened in Beijing in time for China’s National Day holiday in October, offering visitors an exciting opportunity to experience popular films s… Read More
2021-12-14 16:00
The pandemic continued to have an impact on most of the Greater Jakarta real estate market during 2021. Demand was relatively subdued in the office, retail, and condominium markets. However… Read More
2021-12-12 16:00
Well-established trends had been causing shifts in the retail sector much before COVID-19 started. For example, the move from retail-only shopping centres to mixed-use retail-focused assets… Read More
2021-12-09 16:00
The pandemic is having a huge impact on the present and the future of the workplace. Office workers worldwide welcomed the newfound flexibility and an opportunity to spend more time with the… Read More
2021-12-07 16:00
Singapore is benefitting as an emerging key investment destination during COVID-19. Despite global challenges, fixed-asset investment grew continuously since 3Q20 (except for 1Q21), accordin… Read More
2021-12-05 16:00
In 3Q21, a large office building was transacted in Tokyo CBD. The seller was Dentsu, Japan’s biggest advertising company. The price had exceeded JPY 300 billion (USD 2.6 billion), appa… Read More
2021-12-02 16:00
On 6 September 2021, the central government unveiled the “Plan for Comprehensively Deepening Reform and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operatio… Read More
2021-11-30 16:00
As of 3Q21, close to 80% of the 69.7 million square feet of island-wide office space tracked by JLL is certified green. This green space positions Singapore’s office market well to rid… Read More
2021-11-28 16:00
Introduction
In 3Q21, about 6,000 seats were absorbed by various occupiers from sectors like IT/ITeS, finance, insurance and e-commerce across flex-spaces in Bengaluru. This has been the hi… Read More
2021-11-24 16:00
On the back of rapid e-commerce growth, the logistics market in Korea is on the rise. The number of construction permits for logistics facilities with a GFA of 10,000 sqm or more in SCA (Seo… Read More
2021-11-22 16:00
After a quiet 2020, the luxury residential market in Hong Kong has swiftly picked up in 2021. Transactions of high-value units are expected to register a historic high this year. In the firs… Read More
2021-11-17 16:00
As new variants of the COVID-19 virus – particularly the delta variant – continue to permeate across Asia Pacific, governments and companies across the region have enacted a slew… Read More
2021-11-15 16:00
The pandemic has acted as a wake-up call for environmental and social responsibility. Occupiers have responded by putting sustainability and employee well-being at the centre of their future… Read More
2021-11-10 16:00
Real estate accounts for 38% of the carbon emissions globally, of which around 70% is in urban areas. Considering this significant contribution to global carbon levels, the need and importan… Read More
2021-11-08 16:00
In September 2021, Western Australia’s unemployment rate fell to 4.1%, the lowest level since June 2010. The top-performing sectors within the WA labour force over the last 12 months i… Read More
2021-11-04 16:00
The demand for high-quality internet connectivity is an increasing priority in Malaysia, like most other parts of the world. The need is driven by the young and information-thirsty populatio… Read More
2021-11-01 16:00
New Zealand’s economy has shown strong fundamentals to support the Reserve Bank of New Zealand’s (RBNZ) decision on 06 October 2021 to increase the Official Cash Rate (OCR) by 25… Read More
2021-10-28 16:00
The COVID-19 pandemic has had a severe impact on Thailand’s real estate markets. The lockdown and international travel restrictions were especially damaging for investor sentiment and… Read More
2021-10-25 16:00
As the pandemic situation in Hong Kong has largely been kept under control, office occupiers in the city have resumed making decisions on real estate requirements from the beginning of 2021… Read More
2021-10-14 16:00
Following a period of reshuffling and segmentation in 2019, companies that maintained steady operations in China’s rental housing sector have successfully developed business models sui… Read More
2021-10-11 16:00
Sustainability actions of corporates often focus on reducing the impact on the environment, which is undoubtedly critical, but they must also consider how to align sustainability closely wit… Read More
2021-10-07 16:00
The pandemic brought with it a realisation of how important it is to own a house. Incentives such as home loans at historically low rates, stable prices and reduced stamp duty in certain sta… Read More
2021-10-04 16:00
Australia’s alternative real estate sectors have seen an acceleration in enquiry amidst the recent post-crisis investment boom. Multiple alternative sectors had already experienced hei… Read More
2021-09-29 16:00
The Digital Age is defined by breaking down the boundaries between digital and physical space. The emergence of the Digital Age in logistics real estate has witnessed the shift of demand dri… Read More
2021-09-27 16:00
Two essential factors project the performance of a real estate business: development capacity and future land banks. Development capacity, represented by the number of projects developed or… Read More
2021-09-23 16:00
As China continues to open up its financial sector, Beijing is serving as a key destination for foreign firms to grow their office footprints in the country. Recently, more than 40 foreign f… Read More
2021-09-20 16:00
JLL’s recent report, “Sustainable real estate: From ambitions to actions”, finds sustainability as the third most important consideration for occupiers after location and r… Read More
2021-09-16 16:00
The pandemic has changed consumer behaviour and accelerated online shopping. Comprehensive e-commerce platforms, consumer goods, and 3PLs have become the main sources driving warehouse deman… Read More
2021-09-13 16:00
Currently, the Tokyo office market is seeing a big wave ebbing away. Since 2Q 2012 Tokyo office market had been experiencing a historically long upcycle where the vacancy rate once reached i… Read More
2021-09-09 16:00
With the vaccination rate climbing above 80%, and Singapore has already begun transiting to living with endemic COVID-19, there are great expectations that the re-opening of borders will inv… Read More
2021-09-06 16:00
Almost everyone has experienced remote working over the past 17 months with many continuing to work from home or third party locations as new waves of the pandemic and restrictions come and… Read More
2021-09-02 16:00
Since the first outbreak of COVID-19, Hong Kong’s retail industry experienced a significant downturn. Eventually, the market is beginning to see a silver lining of revival. Transformin… Read More
2021-08-30 16:00
While apartment and other high-rise development remains a little more subdued after COVID-19, development across the rest of the residential sector has rebounded extremely strongly due to st… Read More
2021-08-26 16:00
Hannam-dong market overview
Hannam-dong consists of a 650m straight road starting from Cheil Communication to COMME-des-GARÇONS, also called “COMME-des-Road”. The surround… Read More
2021-08-23 16:00
Tokyo is under the fourth state of emergency as of early August due to the prolonged spread of COVID-19. Amongst various countermeasures to prevent contagion, corporates have been asked to r… Read More
2021-08-19 16:00
As Malaysia went through intermittent lockdowns due to the ever-worsening COVID-19 pandemic, the real estate market experienced a trend of office occupiers right-sizing their office space an… Read More
2021-08-17 16:00
The significance of omnichannel operations for retailers has never been more important. The integration of both online-offline channels is vital for retailer success in the current environme… Read More
2021-08-12 16:00
Auckland’s experience over the last 12 months offers the APAC region a glimpse into the future of retail in a domestically open market with unrestricted population movement. The City o… Read More
2021-08-09 16:00
Under the Chinese government’s “dual circulation” strategy of long-term development, West China has played an increasingly important role in undertaking industrial transfer… Read More
2021-08-05 16:00
From online shopping to healthcare systems, there’s no denying that new technologies are rife in almost every sector of our working and personal lives. In comparison, the real estate i… Read More
2021-08-02 16:00
With the massive surge of Covid-19 in early 2020, India put into place stringent lockdown measures that dampened residential market activity. Despite the massive disruption, Hyderabad reside… Read More
2021-07-28 16:00
Australia’s logistics and industrial sector set a new leasing record in the June quarter this year. Industrial and Logistics asset demand continues to grow in the Sydney and Melbourne… Read More
2021-07-26 16:00
Offices will be more important now as the centre of the work ecosystem than before, and an outstanding office environment will remain a critical strategy to engage employees.
This is the con… Read More
2021-07-21 16:00
In 2021, Mainland China Tier 1 cities are expected to welcome a Grade A supply volume of 3.6 million sqm (NLA) – the highest ever annual total. To put this into perspective, the total… Read More
2021-07-18 16:00
Over the past year and a half, flexible office space (flex space) in central Tokyo has continued to increase despite COVID-19, as demand for workspaces with flexible lease terms is tenacious… Read More
2021-07-14 16:00
In June, JLL published a report, “Redefining the Greater Bay Area’s Industrial Network and Spatial Distribution”. We begin by examining spatial patterns of urban developmen… Read More
2021-07-12 16:00
In 2020, the COVID-19 pandemic and related economic downturn impacted economies globally. However, in South Australia (SA), the downturn has not been as deep as initially feared, and the rec… Read More
2021-07-07 16:00
Asia Pacific has been one of the fastest-growing regions in the world over the past decade, with its economic growth (4.4% per year) significantly outpacing Europe (0.9% per year) and the U… Read More
2021-07-05 16:00
While many Singapore residents aspire to own and live in a private residential property, there are others who wish to invest in a second property to derive rental income and enjoy capital ap… Read More
2021-07-01 16:00
Housing affordability has always been a problem in big cities such as Ho Chi Minh City (HCMC). The situation seemed to have improved during 2014-2018, when the market received healthy supply… Read More
2021-06-28 16:00
In recent months, emigration has become a popular topic in Hong Kong, partly triggered by social events and many countries having relaxed immigration criteria for Hong Kong residents. While… Read More
2021-06-24 16:00
The digital economy in Indonesia
Major local and international data centre players have gradually entered the Indonesian market in the past three years, attracted by the country’s soci… Read More
2021-06-21 16:00
China’s rental housing sector has grown rapidly in the past few years due to strong demand from millennials, high barriers to homeownership and supportive government policies. The tota… Read More
2021-06-17 16:00
Limited supply
Given their scarcity and exclusivity, landed homes are among the most coveted real estate assets in Singapore.
The supply of landed homes has been limited. From 4Q10 to 4Q20… Read More
2021-06-14 16:00
South East Queensland’s (SEQ) residential property market has been relatively soft for years now and, after several false starts, it appears a more substantial and sustained upswing is… Read More
2021-06-10 16:00
Flexible space in South Korea’s office market has grown rapidly from 2017 to 2019. At least 90% of WeWork branches in Korea were established between 2017 and 2019. JustCo opened five b… Read More
2021-06-07 16:00
The Japanese government announced a state of emergency in April, covering four prefectures, including Tokyo, due to the spread of new strain of COVID-19. The unpredictable and uncertain situ… Read More
2021-06-03 16:00
The Building and Construction Authority’s (BCA) Green Mark certification scheme, which started in 2005, has been imperative in spearheading Singapore’s green building quest. Sinc… Read More
2021-06-01 16:00
The impact of Covid-19 quickly exacerbated the downward rental trend that started in late 2019. Rental levels have fallen for nine consecutive quarters – registering a -8.4% y-o-y drop… Read More
2021-05-24 16:00
Given the renewed spread of the COVID-19 in Thailand in April 2021, it has become inevitable for corporates to switch back to work-from-home for the third time in a year. A number of office… Read More
2021-05-20 16:00
The manufacturing sector that contributed 22.3% to the Malaysian GDP in 2020 was the only growing economic sector (+3% y-o-y), in contrast to all others that recorded negative growth.
This s… Read More
2021-05-17 16:00
While the rest of Australia began to re-open in mid-2020, Melbourne underwent an additional four months of lockdown until late October – one of the world’s strictest and longest… Read More
2021-05-13 16:00
Introduction
In January 2021, Tesla entered the Indian market by registering its maiden office in Bengaluru. Their move veered the discussion towards electric vehicle (EV) usage in the count… Read More
2021-05-10 16:00
The COVID-19 pandemic has accelerated many trends in our society and economy. Global supply chain management is one industry that is under transformation, with long-lasting implication for t… Read More
2021-05-06 16:00
Over recent years, small businesses (occupying below 2,000 sqm) have shifted towards shorter office lease terms. This trend reflects the need for greater flexibility and the rapid expansion… Read More
2021-04-28 16:00
A smart urban city[1] helps improve the quality of life, leading to sustainable development for future generations. The Smart Cities Council defined that an advanced city applies information… Read More
2021-04-25 16:00
Established as the logistics hub in West China, Chengdu, Chongqing, and Xi’an have witnessed a rapid growth of Grade A warehouses over the past ten years. From 2010 to 2015, a batch of… Read More
2021-04-19 16:00
There is a growing appetite for investment in sustainable buildings. According to Deloitte, the share of global investors that have applied environmental, social and governance (ESG) criteri… Read More
2021-04-15 16:00
A greying population, increasing life expectancy that comes with medical advances and growing health-consciousness are factors that offer immense opportunities to the healthcare market of Ho… Read More
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