Office: Demand for new buildings is increasing from existing companies, but occupancy growth is modest as companies vacate older buildings.
Retail: Leased occupancies are generally high, but landlords still find it necessary to peg US$ rents at lower IDR rates to accomodate retailers.
Apartments: Occupancy levels for both for leased and strata units remain below healthy levels, yet buildings continues. The existing stock base will almost double over the next few years.
Hotel: The continued improvement of hotel occupancies, room rates and RevPar is hopefully a sign that the market will soon approach industry performance bench mark levels.
