Office assets in Bangalore offer Asia’s top long-run rent and capital growth potential
- Singapore promises highest rent growth over the next few years
- Growth in fintech strengthens Hong Kong as top financial hub
- Employment inflows and low net supply drive Tokyo’s office market
- Shenzhen thrives on broad tech base and GBA integration
Hong Kong, 27 November 2018 – Colliers International (NASDAQ: CIGI; TSX: CIGI), a global leader in commercial real estate services, today released its latest research report Top Occupier Locations in Asia: Implications for Investors. This report assesses the investment implications of Colliers’ recently released Top Locations in Asia: Technology and Top Locations in Asia: Finance reports for property occupiers. Based on a comprehensive study of 16 cities in developed and emerging markets across Asia, these reports examine 50-60 criteria across socio-economic, property and human factors to determine the best occupier locations in Asia.
Andrew Haskins, Colliers’ Asia Head of Research, commented: “Growth potential and availability of talent are vital to technology firms, for which the top three locations are Bangalore, Singapore and Shenzhen. Economic scale and wealth measures are pertinent to financial groups, for which the top three locations are Hong Kong, Tokyo and Singapore.”
Terence Tang, Managing Director, Capital Markets and Investment Services, Asia, added: “In the current competitive investment environment, it is even more important for investors to understand their real estate clients and users to a greater extent in order to differentiate their proposition in terms of landlord services and amenities to attract high value tenants. This report highlights some of the occupier preferences and should help investors make more informed investment decisions.”
Office assets in Bangalore offer Asia’s top long-run rent and capital growth potential for investors. Singapore appeals to firms and employees in both technology and finance sectors, with the promise of medium-term rent growth. Shenzhen thrives on a broad technology base and GBA integration, and new supply offers investors more choices of assets.
Hong Kong dominates traditional finance and boasts a fast growing fintech sector. Financial occupiers are moving outward, creating new opportunities for investors who should follow tenants to CBD fringe areas such as Wanchai. Employment inflows and low net supply are driving Tokyo’s office market. Core areas in particular will continue to provide good investment opportunities. Tokyo assets also happen to offer Asia’s widest yield gap over bonds.
To download the full report, visit here
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About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
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