In Focus

This is the fourth consecutive year that Tokyo takes this spot.

Commercial property investments rose 53% in this market. 

The office leasing market remains active with occupiers looking for quality space.

The market is expected to continue to favour tenants.

APAC operators also plan to increase rates by 8.3% over the next 12 months.

APAC investment volumes could drop by up to 10% this year, but capital inflows to this sector could rise 6%.

Tenant activity is heavily reliant on lease expiries.

Five APAC cities made it to the global top 10 ranking this year.

Fit out costs in APAC grew 4.5%, with the biggest increases seen in Australia, Singapore, Malaysia, and South Asia.

Supply grew from just 700MW to 3,000MW.

Rents grew 12.1% in this city year-on-year.

Overall, the industry is set for a robust improvement and stronger prospects.

Transaction volumes grew 16% to USD8.4b in the first nine months of 2022.

Investment declined 29% in the region, but this country saw a 15% jump during the quarter.

Asking rents rose 14.9% in the year to September.

Chuan Park condo was sold for $890m, the largest deal since Tulip Garden was sold 4 years ago.