Delayed recovery in investment
In Q1 2023
73%
73%
73%
71%
66%
61%
55%
42%
33%
24%
18%
5%
0%
73%
expected a recovery
within 2023
In Q3 2023
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
2%
1%
0%
12%
had seen
actual improvement
Limited expectations of rate cuts in 2024
Down
> 50bps
Down
< 50bps
Up
> 50bps
Up
< 50bps
No Change
5%
24%
35%
30%
6%
Widening price gap for assets with strong fundamentals
Multifamily
Institutional-grade modern logistics facilities
Prime shopping mall
Cold storage
Data centre
Sustained selling pressure
(ex. India)
India
Mainland China
Korea
Singapore
Japan
75%
Hong Kong SAR
Australia
New Zealand
Intend to sell more
Intend to buy more
50%
25%
0%
25%
50%
75%