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Asia – Pacific: Office markets see massive increase in supply

On July 27, CBRE announced its report on Asia Pacific office market in Q2-2015. In accordance, Vietnam is evaluated to have oversupply in Hanoi, which hinders occupancy rate in the city. However, Hanoi still managed to see some improvements. Meanwhile, office rental prices in HCMC are still stable, even though the market sees incoming additional supply. According to Henry Chin, Head of Research at CBRE Asia Pacific, in Q2-2015, the firm recorded a stable office growth in the region, especially the strong growth in Hong Kong, Japan and Bangalore. However, the vacancy rate also increased in some markets like Taipei, Bangkok, HCMC, Perth and Brisbane. In another hand, the reality happened positively at the two regional financial centers Hong Kong and Singapore.