Business confidence is rising across Asia Pacific despite a challenging economic landscape, with Colliers’ latest cap-rates report finding the retail sector was the key driver of movements in cap rates in the last quarter.
Colliers’ Fourth Quarter 2024 APAC Cap Rates report found consumer spending surged during the fourth quarter festive season, benefiting the retail sector in various markets, including Auckland, New Zealand; China, Hong Kong, Bangkok, and Bengaluru, India. Geographically, Auckland saw the most movement in cap rates last quarter, particularly in the retail and industrial sectors.
According to Colliers, interest rates are declining in many APAC markets, with further reductions anticipated, though the pace may slow in 2025.
“Amidst economic challenges, resilient business confidence in some markets is emerging, supported by the stabil
