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Expert Insights | Asia Pacific Capital Markets April 2023

The knock-on effects of the banking and currency markets volatility are bound to impact investor sentiments, but the good news is real estate markets remain resilient with solid fundamentals.


Within Asia Pacific, Australia has re-priced across key asset classes and emerged as a dominant cross-border market even more attractive to capital seeking a home. Singapore continues to see strength and growth in rental and capital market values. Hong Kong and China are seeing more transaction activities post their re-opening after the pandemic. Japan continues to prove resilient in key asset classes such as multi-family.

    “Despite the continued headwinds across the capital spectrum and the instability in financial markets, real estate remains a key asset class within investors’ diversified strategies. Inflation is beginning to subside with even the Federal Reserve indicating interest rates are most likely close to a peak. Asia Pacific real estate investors remain equity rich and those who are nimble and flexible have been able to diversify their strategies, targeting growth sectors and geographies within the real estate asset classes such as healthcare, senior living and student housing.”

Chris Pilgrim
Managing Director, Global Capital Markets | Asia Pacific

 

In this edition of our Asia Pacific Expert Insights, we unearth Capital Markets trends and opportunities across Australia and New Zealand, China, Hong Kong, India and South Korea.

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Australia and New Zealand 

Capital Markets Investment Review

2023


Our ANZ Capital Markets Investment Review 2023 explores the key fundamentals of current and future investments across the Retail, Office, Industrial and Hotels markets. Each report comprehensively dissects transactional activities, industry trends and key active buyer groups in 2022, whilst providing expert forecasts and investment outlooks for 2023.

Key Highlights (2022)

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China 

China Market Confidence Survey 

2023


Colliers surveyed over 4,800 investors, developers, and enterprises in dozens of industries across 15 cities in China, aimed at providing detailed insights and guidance to our clients while also capturing new trends and compelling opportunities. 

Key Highlights

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Hong Kong

Hong Kong Market Outlook 

2023


We see recovery across Hong Kong property sectors in both the leasing and investment markets in H2 2023, supported by a rebound in global tourism, pent-up office leasing demand from Chinese and overseas companies and a gradual improvement in investor sentiment. 

Key Highlights

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India 

Real Estate Outlook 

2023


We take a closer look at capital markets in India along with top trends driving demand in office and industrial sectors, while highlighting opportunities that are likely to grab stakeholders’ interest in 2023. 

Key Highlights 

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South Korea 

Commercial
Real Estate 

Market Trends 2023


Even as the market uncertainties make investment decisions more cautious, South Korea’s commercial real estate market continues to attract foreign investors, especially in the office sector where the fundamentals of demand, supply and vacancy remain very strong. Unearth detailed insights and recommendations across key sectors. 

Key Highlights 

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For recommendations and insights into commercial real estate investment opportunities connect with Chris Pilgrim – Asia Pacific, John Marsco – Australia, Tammy Tang – China, Stanley Wong – Hong Kong, Piyush Gupta – India, Hisakazu Iso – Japan, Richard Kirke – New Zealand, WeiLeng Tang – Singapore, Sungwook Cho – South Korea.  

View more of our expert thought leadership here, or visit our research library for past market insights across Asia Pacific. 



More Asia Pacific Capital Markets Insights 

 

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Richard Kirke

International Sales Director | Capital Markets

Auckland CBD

Richard is responsible for the promotion of New Zealand property to international investors, leveraging of his relationships developed in executive positions during his near 8 years in Hong Kong, as well as assisting to grow the company’s nationwide Rural and Agribusiness agency capability.

Richard began his real estate career in 2004 with CBRE, in the five years he spent with them (before leaving to run Colliers Hong Kong business in 2008) he was involved in many notable transactions including the sale of the Lion Nathan site in Newmarket for $162m, the sale of the GE & BNZ Britomart properties on behalf of Manson’s to the German fund HIH and portfolio sales, including the successful auctioning of 16 National Bank Branches across New Zealand.

During his time as MD of Colliers Hong Kong he was involved in the sale of 50 Connaught Road on behalf Apollo Group (a New York based Hedge Fund) to the Agricultural Bank of China for $US632m.

Richard was the Managing Director of Colliers Hong Kong office for six years from 2009-2014. During this time he was an active participant in several high value transactions and developed broad relationships with both Asian investors and colleagues across the region.

In late 2014, Richard agreed to run CBRE’s Asia Pacific Capital Market business, including their Capital Advisory (Real Estate Investment Banking) business, this further added to his knowledge of real estate investors, particularly in greater Asia.

As a senior executive of Colliers for 6 years in Hong Kong, Richard has strong personal relationships with Colliers personnel across the globe.

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