Tech boom, competition for talent to support Asia-Pacific's prime office rental growth

THERE are attractive prospects for the real estate market in the Asia-Pacific region, with improving structural and early economic upcycle drivers, and Asia-Pacific GDP expected to grow by 4.6 per cent year-on-year in 2018.

The office markets in key developed Asia-Pacific cities - Australia, Hong Kong, Japan, Singapore and South Korea - are expected to benefit from business growth in the medium term, particularly from technology, finance and business services.

The ongoing boom in the technology sector is expected to continue in the near term and serve as a key occupier demand driver for most markets.