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Written by Nelson Li, Head of IQI Hong Kong Hong Kong’s office sector recorded a positive shift, achieving 143,700 sq ft of net absorption, largely driven by increased leasing activity from banks and multinational firms. The overall office vacancy rate dipped to 13.4%, with Central improving to 11.0% and Wanchai/Causeway Bay easing to 12.0%. Rents slipped marginally by 0.1% month-on-month, though early stabilisation signs appeared in select prime buildings. A notable transaction saw a whole floor in COSCO Tower sold for HKD 220 million, the lowest price recorded there since 2010, reflecting the market’s adjustment phase. Overall, it signalled gradual stabilisation as corporate tenants continued consolidating and upgrading workspace. In the residential sector, momentum strengthened as primary market transactions rose 10.8% m-o-m to 1,974 units, while secondary sales climbed to 3,669 units, lifting total activity by 6.7%. Mass residential capital values increased by 0.6%, reversing August’s decline. Lower financing pressure helped support sentiment as the one-month HIBOR reached 3.6% and banks reduced prime rates following the US rate cut. Demand for new launches remained strong, with The MVP in Mid-levels West selling all 50 units in its first release. The luxury segment also saw activity, highlighted by a HKD 138 million sale at One Stanley. These trends point toward a market gradually recalibrating under improving liquidity and buyer sentiment. For more countries updates:Download Now!

Written by Manu Bhazin, Country Head of India India’s retail industry is undergoing a major transformation, fuelled by rising disposable incomes, rapid urbanisation, a young demographic profile and growing appetite for premium consumer experiences. According to BCG–RAI, the retail sector valued at ₹82 lakh crore in 2024 is projected to surpass ₹190 lakh crore by 2034, driven largely by the expanding middle-income segment and strong discretionary spending in fashion, F&B, beauty and entertainment. On the real estate front, India has added 18.6 million sq. ft. of mall supply in the last five years, bringing Grade A retail stock to 88.7 million sq. ft., with Mumbai, Delhi-NCR and Bengaluru contributing 63% of this inventory. Retail leasing has also remained remarkably resilient, with over 22 million sq. ft. absorbed since 2023, supported by international brand entries, growing retail REIT activity and strong institutional interest. At the same time, India’s retail real estate is evolving toward experience-led formats, with new malls becoming larger, averaging over 1 million sq. Ft. and focused on entertainment zones, destination dining, wellness and social experiences. This marks a clear shift in consumer behaviour as malls transition from shopping venues to multi-purpose lifestyle destinations. The combined effect of rising demand, sophisticated brands, and modern mall infrastructure signals the emergence of a more competitive and globally aligned retail ecosystem. As India enters its next phase of economic rise, its retail landscape is becoming bigger, bolder and more experiential, reflecting the confidence of a young and rapidly growing consumer-driven nation.  For more countries updates:Download Now!

Written by Emmanuel Andrew Venturina, Head of IQI Philippines Cavite is solidifying its position as one of the Philippines’ most dynamic property markets, driven by a strong local economy anchored in manufacturing, outsourcing and leisure industries. Improved road connectivity across South Luzon has transformed Cavite from a suburban extension of Metro Manila into a vibrant urban center and major satellite city, attracting national developers eager to invest beyond the capital. Industrial activity is expanding quickly, supported by manufacturing operations in automotive, semiconductors, and packaging, and strengthened further by new foreign investment pledges secured under the Marcos administration.These investments are expected to boost industrial space absorption, job creation and long-term economic activity across the province. This industrial momentum is directly fuelling residential demand, especially in General Trias, where lot-only developments have achieved 60 to 100 percent take-up and upscale projects priced between P4 million and P10 million account for nearly half of sales. Affordable and economic housing units priced from P580,000 to P3.2 million are also nearly sold out, with General Trias’ average house-and-lot price reaching P3.2 million per unit. With its strong residential base, proximity to industrial parks and expanding infrastructure, Cavite is positioned to become the next major real estate growth corridor in South Luzon. The rollout of transformative projects such as Calax and the Silang Interchange, expected to be fully operational by 2026, is set to elevate land values and accelerate the province’s property development cycle even further. For more countries updates:Download Now!

Pakistan’s tourism driven and coastal real estate sector gained strong momentum in 2025, supported by domestic travel demand and increasing global investor interest. Key destinations such as Gwadar, Karachi’s coastline and the northern mountain regions are rapidly emerging as real estate hotspots. Gwadar is undergoing a major transformation under CPEC, with the Gwadar Development Authority establishing a 2,585-acre Central Business District with valuable coastline frontage. Karachi’s luxury waterfront is also being reshaped by large-scale developments such as Emaar Oceanfront, a 75-acre seafront community offering premium apartments and penthouses, and Goldcrest Bays Sands, which provides sea-facing homes with private beaches and resort-style amenities. In Gwadar, Oshun by Eiwan is among the first beachfront resort-style residential developments, combining coastal and mountain views to capture rising CPEC-driven demand. Government-backed planning, sustainable infrastructure and smart-city frameworks are adding further confidence to the market. International capital is flowing in, highlighted by Gentry Beach, a US-based investor announcing a multi-billion-dollar plan for high-rise and mixed-use luxury projects in Karachi and Islamabad. Premium coastal developments prioritise master planning, eco-friendly design and lifestyle offerings, including signature towers and waterfront promenades. For investors, these projects offer dual income potential, combining short-term rental opportunities with long-term capital appreciation. With globally recognised brands like Emaar involved and smart-city infrastructure underway, Pakistan’s coastal and tourism-anchored real estate sector is positioned for strong premium returns as the country opens its coastline to more institutional and overseas capital. For more countries updates:Download Now!