"Karachi is the most populated city of Pakistan with an estimated population of 22 million. It is the financial and economic hub of the country and many businesses are headquartered there. The city has a labor supply of almost 5 million people and a literacy rate of 83% on average."

"As core inflation rose to 5.9% in October from 4.5% in September, the Philippine economy beat consensus forecasts after increasing by 7.6% in Q3/2022.  Household consumption continued to support the economy after growing by 8.0% despite inflation eating into household incomes. The strong OFW remittance inflows and expanding IT-BPM sector are projected to maintain their respective growth trajectories amidst a slowing global economy. "

"Chongqing’s GDP reached RMB2,083 billion in the first three quarters of 2022, a 3.1% increase YoY. The growth value of the tertiary industry reached RMB1,109 billion, up 2.5 ppts YoY. The investment market remained stable from 2021 to 2022, with seven bulk transactions recorded."

"Since the onset of the pandemic, the Tokyo office market has experienced successive rental corrections as office demand weakened. The new supply in preceding years contributed to a softening of the market. Although most of the supply in recent years is considered to be Grade A offices, the loosening in the market derived from this new supply also seems to have affected the wider market, including largescale Grade B offices."

"Since the onset of the pandemic, Australia’s major office markets have seen a flight to quality as employers look to attract and retain talent. The multi-speed nature of the office leasing market is highlighted by diverging trends in the demand for office space."

"Total retail sales declined 4.5% YoY to RMB1,021.95 billion in the first nine months of 2022. General retail sales fell 3.9% YoY to RMB946.71 billion whilst F&B sales also fell 11.6% YoY to RMB75.24 billion."

"The Singapore office market is at the early stages of a global transformation where multinational tenants increasingly seek to be compliant with Economic Social and Governance standards set in their respective home countries. In the coming years, this pressure is going to weigh on the local real estate market, especially the office sector."