JLL Estimates Property Investment Increasing in Asia Pacific in 2022
Global property consultant Jones Lang LaSalle (JLL) predicts property market investment in the Asia Pacific will increase to US$ 200 billion or around IDR 2.843 trillion in 2022. The investment volume increases by 15% from this year’s investment which reached US$ 169 billion or IDR 2.403 trillion.
The Chief Executive Officer Asia Pacific JLL, Anthony Couse said that there will be a number of things that will encourage increased investment activity and support a sustainable recovery in the leasing sector across all asset classes.
This includes the strengthening of the office market which is experiencing a high demand for modern logistics facilities, as well as the continued growth of alternative sectors such as data centers and life sciences.
Anthony continues stating in a written statement that the Asia Pacific real estate market in 2022 will be stronger than the previous year, as investors maintain their bullish outlook and rental activity will continue to improve.
Then investors will mobilize more funds for opportunistic investments in the Chinese and Japanese markets. Next year, the supply of the office market will increase by 6.9 million per square meter, or an increase of about 13% from 2021. Then the net absorption rate will increase by 20% driven by expansion from the financial, technology, and flexible space sectors.
Hotel investment is predicted to increase by 30 percent next year to reach US$ 9 billion, in line with the recovery of the hotel industry sector. In addition, warehousing stock is targeted to grow 17% between 2021-2022. This is the fastest-growing, with a supply of 20,8 million per square meter ready to use.
Meanwhile, the demand for data centers will also grow next year. The hyper-scale cloud market will increase 400 percent from US$ 37 billion to US$ 179 billion in 2026. Then the logistics investment is projected to reach US$60 billion by 2025.
Source: https://propertiindonesia.com
