Taiwan Real Estate Market Outlook 2016
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OPPORTUNITIES CHALLENGES CBRE RESEARCH This report was prepared by CBRE Taiwan Research Team, which forms part of CBRE Global Research — a network of preeminent researchers who collaborate to provide real estate market research and econometric forecasting to real estate. Disclaimer Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Source: CBRE Research, Q1 2016 REAL ESTATE MARKET OUTLOOK Asia Pacific INVESTMENT RETAIL OFFICE ECONOMY LOGISTICS • Ample liquidity in the market as interest rates remain low • New government may announce a stimulus package ECONOMIC RECOVERY UNDERWAY • Slower export growth amid weak overseas demand • Business competition from China • Lack of cost effective options • MNCs tightening CAPEX • Limited space for lease in prime locations • International brands slowing their footprint growth • Rising international tourist arrivals • F&B sector to remain in expansion mode • Tenants remain cost-sensitive • Higher vacancy in less efficient assets as tenants upgrade • Sustained demand from domestic manufacturers • Rising demand for modern logistics from 3PLs • Low property yields look less attractive to investors • Investors continue to wait and see • More room for negotiation as investment volume slows • More small to medium size assets to be put up for sale • New supply will provide flight to quality opportunities • More incentives for early negotiation POSITIVE DEMAND MORE OPTIONS FOR INVESTORS STRONGER TOURIST CONSUMPTION COST- CONSCICUS SLOWER LEASING DEMAND LACK OF IMPETUS FOR RENTAL GROWTH CAUTIOUS SENTIMENT DEMAND FOR NEW OFFICE SPACE SLOWER GROWTH MOMENTUM TAIWAN
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Transcript of Taiwan Real Estate Market Outlook 2016
OPPORTUNITIES
CHALLENGES
CBRE RESEARCHThis report was prepared by CBRE Taiwan Research Team, which forms part of CBRE Global Research — a network of preeminent researchers who collaborate to provide real estate market research and econometric forecasting to real estate.Disclaimer Information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to confirm independently its accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE.
Source: CBRE Research, Q1 2016
R E A L E S T A T E M A R K E T O U T L O O KAsia Pacific
INVESTMENTRETAILOFFICEECONOMY LOGISTICS
• Ample liquidity in the market as interest rates remain low
• New government may announce a stimulus package
ECONOMIC RECOVERYUNDERWAY
• Slower export growth amid weak overseas demand
• Business competition from China
• Lack of cost effective options
• MNCs tightening CAPEX
• Limited space for lease in prime locations
• International brands slowing their footprint growth
• Rising international tourist arrivals
• F&B sector to remain in expansion mode
• Tenants remain cost-sensitive
• Higher vacancy in less efficient assets as tenants upgrade
• Sustained demand from domestic manufacturers
• Rising demand for modern logistics from 3PLs
• Low property yields look less attractive to investors
• Investors continue to wait and see
• More room for negotiation as investment volume slows
• More small to medium size assets to be put up for sale
• New supply will provide flight to quality opportunities
• More incentives for early negotiation
POSITIVE DEMAND
MORE OPTIONS FOR INVESTORSSTRONGER TOURIST
CONSUMPTION
COST- CONSCICUS
SLOWER LEASING DEMAND
LACK OF IMPETUS FOR RENTAL GROWTH
CAUTIOUS SENTIMENT
DEMAND FOR NEW OFFICE SPACE
SLOWER GROWTH MOMENTUM
TAIWAN
