1、Macro economy In 2024,the Chinese mainland economy will gradually recover.Challenges,however,will still be posed by the sluggish global economy;Hot themes and alternatives Sustainability will continue to be at the forefront of real estate decision making in Greater China.A couple of interesting alte

2、rnative assets investors and developers might want to consider in 2024 are boutique neighbourhood hotels and battery storage parks;Office In the next two years,there will be a peak in supply in most of the major cities in the Chinese mainland region,and this will inevitably lead to an increase in of

3、fice project absorption pressure and a steady downward adjustment in rents.Landlords will need to strengthen their market competitiveness to attract tenants；Retail The consumption structure of Chinese mainland residents has gradually shifted from spending on necessity-focused goods and services to s

4、pending on leisure-focused goods and services over recent years.Retail sales volume related to concertgoing,performance entertainment,tourism,sports and F&B saw double digit growth over the past year;Industrial logistics Top warehouse operating logistics enterprises in Greater China have begun to fu

5、rther explore the application of digital technology and integrated platforms,which will improve distribution efficiency;Real estate investment A growing number of domestic investors have increased their allocation into commercial real estate assets,especially in Chinese mainland Tier 1 cities,as the

6、y seek stable long-term returns.We expect this trend to continue in 2024 given the relatively low interest rate environment for domestic capital and the recent expansion of C-REITs.The commercial real estate market in Greater China has been influenced by a number of factors over the last couple of y