prime benchmark 01 2018 - pdf.savills.asia

1 Savills World Research Asia Pacific Survey prime benchmark 1 January 2018. SURVEY | prime benchmark . 5. As i a 39. Of s 3. Savills Asia Paci c Network . Australia z Xiamen New Zealand z Adelaide z Xi'an z Auckland z Brisbane z Zhuhai z Christchurch z Canberra z Gold Coast Hong Kong Singapore z Gordon z Central (2) z Singapore (3). z Lindfield z Taikoo Shing (2). z Melbourne z Tsim Sha Tsui z Notting Hill South Korea z Parramatta z Seoul z Perth India z Roseville z Bangalore z St Ives z Mumbai Taiwan z Sunshine Coast z Gurgaon z Taichung . z Sydney z Taipei z Turramurra Indonesia 6. z Jakarta Thailand China z Bangkok & New Z. z . Beijing Japan l ia ea ra z . Chengdu . z Tokyo Aust Vietnam la n d z Chongqing z.

2 Z . z . Dalian Guangzhou Hangzhou Macau z . Macau z . z . z . Da nang Hanoi Ho Chi Minh City 17. Of s z Nanjing z Shanghai z Shenyang Malaysia z Shenzhen z . Johor Bahru . z Tianjin z . Kuala Lumpur z Wuhan z Penang 1 January 2018. An introduction to Savills Savills is a leading global real estate Savills provides a comprehensive We are regarded as an innovative- service provider listed on the London range of advisory and professional thinking organisation supported by Stock Exchange. The company, property services to developers, excellent negotiating skills. Savills established in 1855, has a rich heritage owners, tenants and investors. chooses to focus on a defined set of with unrivalled growth. The company These include consultancy services, clients, offering a premium service now has over 600 offices and facilities management, space to organisations and individuals associates throughout the Americas, planning, corporate real estate with whom we share a common Europe, Asia Pacific, Africa and the services, property management, goal.

3 Savills is synonymous with a Middle East. leasing, valuation and sales in all key high-quality service offering and a segments of commercial, residential, premium brand, taking a long-term In Asia Pacific, Savills has 56 regional industrial, retail, investment and hotel view of real estate and investing in offices comprising over 25,000 property. strategic relationships. staff. Asia Pacific markets include Australia, China, Hong Kong, India, A unique combination of sector Indonesia, Japan, Macau, Malaysia, knowledge and entrepreneurial flair New Zealand, Singapore, South gives clients access to real estate Korea, Taiwan, Thailand and Viet Nam. expertise of the highest calibre. savills asia paci c services Asset Management Project Management Facilities Management Property Management Hotels Research & Consultancy Industrial Services Residential Services International Residential Retail Services Investment & Sales Serviced Apartment Services Occupier Services Valuation & Professional Office Services Services Assumptions: 1) 1 sq m = sq tsubo 2) As of 31 December 2017, RMB/USD = ; USD/HKD = ; USD/TWD = ; USD/JPY = ; USD/KRW = 1, ; USD/SGD =.

4 USD/MYR = ; USD/VND = 22,800; AUD/USD = ; USD/PHP = ; USD/IDR = 13,548. This report has been prepared to provide a benchmark of occupancy costs of selective prime properties in various cities in Asia, inclusive of rents, management fees and government taxes/rates. Except for the hotel sector, all the costs are quoted on a net floor area basis per month, which is defined as the floor area exclusively allocated to a unit, excluding common areas. As only a small basket of 5 to 10 prime buildings are monitored in each sector, the rental data and occupancy costs reported in this publication might be higher than the average market figures being reported elsewhere. Given varying local market practices, necessary assumptions and judgments are made by our real estate professionals in local offices to achieve comparable results among the different cities.

5 03. OFFICES 1 January 2018. MARKET CYCLE. SINGAPORE. HONG KONG. BEIJING MANILA. SYDNEY. SEOUL SHENZHEN. TOKYO SHANGHAI. JAKARTA GUANGZHOU. OSAKA KUALA LUMPUR. HANOI. TAIPEI. HO CHI MINH CITY. LATE EARLY LATE EARLY. UPSWING DOWNSWING DOWNSWING UPSWING. TOTAL OCCUPANCY COST (TOP 5 AVERAGE). US$ psm net pm 0 50 100 150 200 250 300. HONGHONG KONG. KONG. TOKYO. TOKYO. BEIJING. BEIJING. SEOUL. SEOUL. SINGAPORE. SINGAPORE. SHANGHAI. SHANGHAI. OSAKA. OSAKA. SYDNEY. SYDNEY. SHENZHEN. SHENZHEN. TAIPEI. TAIPEI. GUANGZHOU. GUANGZHOU. HO CHI MINH. HO CHI MINHCITY. CITY. JAKARTA. JAKARTA. HANOI. HANOI. MANILA. MANILA. KUALA. KUALA LUMPUR. LUMPUR. CITY. TOTAL COST. US$ psm net pm RENT MANAGEMENT FEE GOV'T RATES/TAX.

6 (US$ psm net eff. pm) (US$ psm net pm) (US$ psm net pm). HONG KONG TOKYO BEIJING SEOUL SINGAPORE. I I I inclusive I I I Inclusive I I Inclusive I Inclusive I Inclusive SHANGHAI OSAKA SYDNEY SHENZHEN TAIPEI. I I Inclusive I Inclusive I I I I I Inclusive I I GUANGZHOU HO CHI MINH CITY JAKARTA HANOI MANILA. I I Inclusive I I I I I Inclusive I I I KUALA LUMPUR. I Inclusive I Inclusive Source: Savills Research & Consultancy 04 Survey | prime benchmark OFFICES 1 January 2018. COST CHANGES -10% -5% 0% 5% 10% 15% 20%. JUL-DEC 2017 HONG KONG. HONG KONG (HKD) Rental changes in US$ TOKYO (JPY) TOKYO Rental changes in local BEIJING (CNY)BEIJING. currency SEOUL (KRW) SEOUL. SINGAPORE. SINGAPORE (SGD). SHANGHAISHANGHAI.

7 (CNY). OSAKA (JPY) OSAKA. SYDNEY. SYDNEY (AUD). SHENZHEN. SHENZHEN (CNY). TAIPEI (TWD) TAIPEI. GUANGZHOU GUANGZHOU (CNY). HO CHI. HO CHI MINH. MINH CITYCITY. (VND). JAKARTA. JAKARTA (IDR). HANOI (VND) HANOI MANILA (PHP)MANILA. KUALA. KUALA LUMPUR. LUMPUR (MYR). TOTAL OCCUPANCY COST. 2H/2007-2H/2017. Beijing Hong Shanghai Kong Taipei Kong Tokyo Seoul Singapore Sydney 300. 250. US$ per sqm per mth net 200. 150. 100. 50. 0. Source: Savills Research & Consultancy 05. RETAIL MALLS 1 January 2018. MARKET CYCLE. TOKYO HONG KONG. SINGAPORE. BEIJING TAIPEI. SHENZHEN GUANGZHOU. SHANGHAI HANOI. KUALA LUMPUR JAKARTA. SYDNEY SEOUL. MANILA. OSAKA HO CHI MINH CITY. LATE EARLY LATE EARLY. UPSWING DOWNSWING DOWNSWING UPSWING.

8 TOTAL OCCUPANCY COST (TOP 5 AVERAGE). US$ psm net pm 0 200 400 600 800 1,000 1,200 1,400. HONG. HONG KONG. KONG. TOKYO#. #TOKYO. SINGAPORE. SINGAPORE. BEIJING. BEIJING. SHANGHAI. SHANGHAI. SYDNEY. SYDNEY. TAIPEI. TAIPEI. GUANGZHOU. GUANGZHOU. SHENZHEN. SHENZHEN. OSAKA. OSAKA. SEOUL. SEOUL. KUALA. KUALA LUMPUR. LUMPUR. HANOI. HANOI. JAKARTA. JAKARTA. HO CHI MINH. HO CHI MINHCITY. CITY. MANILA. MANILA. CITY. TOTAL COST. US$ psm net pm RENT MANAGEMENT FEE GOV'T RATES/TAX. (US$ psm net eff. pm) (US$ psm net pm) (US$ psm net pm). HONG KONG TOKYO# SINGAPORE BEIJING SHANGHAI. 1, 1, I I I inclusive I I Inclusive I Inclusive I I Inclusive I I Inclusive SYDNEY TAIPEI GUANGZHOU SHENZHEN OSAKA. I Inclusive I Inclusive I I I I Inclusive I I Inclusive I inclusive I SEOUL KUALA LUMPUR HANOI JAKARTA HO CHI MINH CITY.

9 I I Inclusive I Inclusive I Inclusive I Inclusive I I I I I MANILA. I I Source: Savills Research & Consultancy #. As prime retail mall rental figures are not available for Tokyo, average prime high street retail rents are used instead. 06 Survey | prime benchmark RETAIL MALLS 1 January 2018. COST CHANGES -10% -5% 0% 5% 10% 15%. JUL-DEC 2017 HONG KONG. HONG KONG (HKD) Rental changes in US$ TOKYO (JPY) #TOKYO Rental changes in local SINGAPORE. SINGAPORE (SGD) currency BEIJING (CNY)BEIJING SHANGHAISHANGHAI. (CNY) SYDNEY. SYDNEY (AUD) TAIPEI (TWD) TAIPEI GUANGZHOU. GUANGZHOU (CNY) SHENZHEN. SHENZHEN (CNY). OSAKA (JPY) OSAKA SEOUL (KRW) SEOUL KUALA. KUALA LUMPUR. LUMPUR (MYR). HANOI (VND) HANOI JAKARTA. JAKARA (IDR).

10 HO CHI. HO CHI MINH. MINH CITYCITY. (VND). MANILA (PHP)MANILA. TOTAL OCCUPANCY COST. 2H/2007-2H/2017. Hong Beijing Shanghai Kong Taipei Tokyo Seoul Singapore Sydney 1,400. 1,200. 1,000. US$ per sqm per mth net 800. 600. 400. 200. 0. Source: Savills Research & Consultancy #. As prime retail mall rental figures are not available for Tokyo, average prime high street retail rents are used instead. 07. LUXURY APARTMENTS 1 January 2018. MARKET CYCLE. TOKYO. OSAKA GUANGZHOU SINGAPORE. HONG KONG. SEOUL SHENZHEN KUALA LUMPUR. SHANGHAI. SYDNEY BEIJING TAIPEI. MANILA. LATE EARLY LATE EARLY. UPSWING DOWNSWING DOWNSWING UPSWING. TOTAL OCCUPANCY COST (TOP 10 AVERAGE). US$ psm net pm 0 20 40 60 80 100. HONGKONG. HONG KONG.