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Chengdu Offices 1H/2024
"Chengdu’s GDP reached RMB2207.47 billion in 2023, ranking 7th among all Chinese cities. Tertiary industry added value reached RMB1510.90 billion, up 7.5% YoY."
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"Chengdu’s GDP reached RMB2207.47 billion in 2023, ranking 7th among all Chinese cities. Tertiary industry added value reached RMB1510.90 billion, up 7.5% YoY."
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"India’s growth has been remarkable in recent few years, at a time when tensions and inflationary issues have scarred the global economic landscape."
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"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."
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"Ha Noi is a significant economic centre, however, the city experienced only moderate growth in Q1/2024 as gross regional domestic product (GRDP) growth hit 5.5% year-onyear (YoY)."
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"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."
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"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."
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"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."
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"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."
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"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."
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"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."