Investment & Economyresearch report

Asia Pacific Real Estate mid year report 2020 From CBRE

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the Asia Pacific Real Estate mid year report 2020 From CBRErecommended by recordtrend.com. And this article belongs to the classification: Investment & Economy, research report.

From the CBRE recovery index, New Zealand, China, Chinese mainland Taiwan and Vietnam are relatively ahead, but India is lagging behind.

China’s GDP growth returned to a positive level in the second quarter of 2020, up 3.2% year-on-year, compared with a contraction of 6.8% in the first quarter of 2020. CBRE therefore raised the Chinese mainland’s annual growth forecast to 2.3%. GDP forecasts for Australia and New Zealand were also revised to moderate growth after commodity prices recovered.

Meanwhile, CBRE expects Japan’s GDP to fall by 6% in 2020. Although retail and industrial production in Japan improved in June, the outlook for SMEs is expected to remain pessimistic in the second half of 2020.

office

The net absorption area of the Asia Pacific region (= new rental area – new supply area) decreased by 34% year-on-year to 16.3 million square meters.

Although the first tier cities in mainland China began to recover in March, the restrictions on liquidity and business activities remained effective, as the blockade eased. The demand for all other major markets slowed significantly in the second quarter of 2020, especially in major city of Tokyo and India. Other weak markets, including Hong Kong, China, showed negative net absorption for two consecutive quarters, with half year data at the lowest level on record.

retail

CBRE retains the view previously released in May that all major cities in the Asia Pacific region will experience rent adjustment this year. It is estimated that after a 15% decline in the first half of 2020 in Hong Kong, the rent of commercial street shops in the second half of 2020 will drop by another 15% – 20%, making the annual drop of 30% – 35%.

Industry and logistics

In the second quarter of 2020, the purchasing managers index (PMI) of major economies in the Asia Pacific region increased in June. Mainland China, Australia and Vietnam saw the trend of economic expansion.

capital market

Since the outbreak of the epidemic, the investment turnover in the first half of 2020 has dropped by 36% year on year.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button