"The government, prior to the 2024 policy address, announced substantial changes to Macau’s real estate policy. These modifications focus on two main areas: the elimination of the additional 5% stamp duty for second residential property purchases and the dissolution of the mortgage percentage for local residents in favor of a unified mortgage limit of 70%."

"Metro Manila’s post-pandemic office scene is slowly regaining momentum, with developers focusing on introducing more certified green buildings. Older buildings need to remain competitive, forcing landlords to adapt and invest in strategies that align with changing priorities."

"Despite ongoing challenges, Ho Chi Minh City’s office market remains resilient, poised for a robust rebound to its pre-COVID prowess. The emergence of increased green, Grade A space highlights a promising trajectory for the city’s commercial real estate."

"An increase in the number of visitors to Jakarta has been driven by the growing MICE activity, which has lead to an improvement in occupancy rates in the hotel market. Even though the hotel market performance is still in a recovery phase, nightly room rates have returned to pre-pandemic levels."

"With robust growth in online retail sales and the expansion of quickcommerce in the open-market sector, the imbalance between supply and demand is expected to be gradually addressed after 2025. "

"Logistics demand held up well during the COVID period due to operators refocusing on regional supply chain. Nevertheless, the sector faces many uncertainties in 2023 despite border reopening, with declining merchandise trades, slower-thanexpected retail recovery as well as the prolonged closure of borders diverting supply chains away from Hong Kong among the key issues facing the local logistics sector."

"Strong demand, high construction and land costs have contributed to elevated prices of both new and second-hand condominiums in Osaka. Wage growth has been slow in omparison, and many people will likely be priced out and required to stay in the rental residential market."

"The effect of the first store economy continues to ferment, attracting more new brands to open in Shenzhen, which is second to none in South China."

"With more completions and softer economic conditions, rents for private residential properties are starting to show signs of inflecting. However, any decline is likely to be shallow and not back to levels where the sharp increase began in early 2021."

"As the expansion of major department store groups has intensified market competition, exclusive dining brands, flagship stores, and online retailers opening physical stores are strategies being adopted a win market share."