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Investment Perspectives - Asia-Pacific Overview

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Investment Perspectives: Asia-Pacific Overview

Economic reviews of Asia-Pacific typically lead with the outlook for China. Hines believes there is much more to the regional story in 2024 and beyond.

With shifts in global inflation dynamics, nominal GDP growth in developed Asia has ramped up, perhaps most surprisingly in Japan. The shift from globalization to “slowbalization” has likely yielded significant benefits for the country. For over 20 years, input costs in manufacturing centers such as the U.S. and Germany have steadily increased – since 1999, the U.S. Producer Price Index (PPI) has nearly doubled, and its German counterpart is up over 70%1.


With economic fundamentals on a positive trajectory, Hines believes there will be improved nominal GDP growth in coming years, with gradual reflation positive for real estate rents.


1 CEIC, OECD, Hines Research as of Q4 2022 using annual data.

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Chiang Ling Ng
CIO, Asia-Pacific
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Investment Impacts

Asian real estate markets enter 2024 boasting several strong growth drivers. Regional growth has been robust and urbanization continued to drive demand for real estate in Asia. In developed Asia, particularly Australia, South Korea and Japan, a positive combination of healthy demand and supply fundamentals supporting rental growth and price corrections will likely, in our view, provide compelling opportunities for investors to increase their exposure to this dynamic region.

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Disclaimer


The content herein and in the report is provided for informational purposes only. Nothing above or in the report constitutes investment, legal, or tax advice or recommendations. Such content should not be relied upon as a basis for making an investment decision and is not an offer of advisory services or an offer to invest in any product or asset class. It should not be assumed that any investment in an asset class described herein will be profitable. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice. Opinions or beliefs expressed in these materials may differ or be contrary to opinions expressed by others. Certain information above and in the report has been obtained from third-party sources. Hines has not independently verified such information.


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