Conducted in November 2022, CBRE’s 2023 Asia Pacific Investor Intentions Survey found more than half of the investors active in the Japanese market (including overseas-based investors) expect the BoJ to raise interest rates in 2023.
While rents in Seoul’s major retail districts have drifted sideways in 2022, future rental growth will be determined in part by the attractiveness of the physical store in providing customer experiences.” Says 2023 Korea Retail Market Outlook Report by Savills, Simon Smith Savills Regional Head of Research & Consultancy Asia Pacific and JoAnn Hong Savills Director of Research & Consultancy Korea.
Singapore’s CBD Grade A office rents stayed on the uptrend in 1Q23 although q-o-q growth slowed for the second consecutive quarter, according to JLL.