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Chengdu Office 1H/2020
"In 2019, Chengdu’s GDP reached RMB1,701 billion in 2019, an increase of 7.8% year-on-year (YoY)—1.7 percentage points (ppts) and 0.3 of a ppt higher than the national rate and the Sichuan provincial rate, respectively."
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"In 2019, Chengdu’s GDP reached RMB1,701 billion in 2019, an increase of 7.8% year-on-year (YoY)—1.7 percentage points (ppts) and 0.3 of a ppt higher than the national rate and the Sichuan provincial rate, respectively."
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"Though the initial three quarters of 2019 were marked by a number of negative factors including rising inflation, a contraction in industrial output and a falling GDP growth rate; the economy towards the end of 2019 had started showing signs of a turnaround."
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"The Philippine economy contracted by 0.2% in the first quarter of the year. This was mainly attributed to multiple shocks to the economy."
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"The Coronavirus Pandemic and its Impact on Korea’s Commercial Real Estate."
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"Office rents saw continued growth in Q1/2020 and vacancy rates remain extremely tight. That said, this trend will likely end, or at least pause, due to the fallout from COVID-19. Airtight vacancy and advance notice equirements for relocation should, however, serve as a buffer until later this year."
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"Commercial volumes have declined dramatically with activity dominated by bargain-hunting investors looking for distressed assets which remain hard to come by."

" Hoan Kiem District – the very 'heart' of Hanoi, has become an attractive area for many domestic businesses and international organizations for a long time."

"Savills Research has launched its Greater Bay Area Grade A Office Index, hereinafter referred to as the GBA Grade A Office Index. It aims to provide market players, such as investors, developers, landlords and office occupiers, with a reliable benchmark for the GBA office markets on a city-by-city basis."

"What does this mean for real-estate?"
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"Welcome to Volume 3 of our weekly wrap of news and commentary impacting Australia’s property markets. "