"In January 2023 when Hong Kong finally reopened its borders, everyone was hoping for a rebound in both the local economy and inbound tourist numbers, benefiting the much-depressed local retail sector."

"The Indonesian economy has recorded economic growth at the beginning of 2024 of 5.11% with foreign investment showing a positive trend at US$13.6 billion, mostly driven by the manufacturing sector."

"Pakistan’s economy is showing signs of improvement with a stable exchange rate and a decline in inflation, signaling growing resilience and improved macroeconomic activity."

"In 2023, total retail stock inclusive of hypermarkets in Greater KL grew by 3.3% year-on-year (YoY) to 75.1 million sq ft, representing 9.3 sq ft per capita, with Outer KL holding a 55% market share."

"As of April 2024, the Macau government announced the abrogation of all remaining restrictive measures imposed on the real estate market, with the new policies taking effect on April 20th."

"A slowdown in construction has pushed back the completion dates for office buildings across Metro Manila. This translates to a significant bump in completions anticipated for 2024."

"Earlier "share houses" in Korea failed to attract a wide group of young adults due to a lack of privacy in shared living rooms, kitchens, and bathrooms."

"Over the past 12 months, numerous media outlets have highlighted the high office vacancy rates in China’s Tier 1 cities, prompting discussions on the office overbuild and soft demand."

"Shenzhen has enjoyed abundant policy incentives offered by the central government and strong GDP growth at a CAGR of 8.7% from 2014 to 2023."

"With the lockdowns instituted to contain the spread of SARs-COVID2 behind us for over a year, one would have believed that the retail sector would have returned to normalcy. "