JLL Hotels - Round Table Lunch Presentation (Aug-24)

Sentiment I Investors continue to focus on in-favour assets Investment Strategy

Which sector will be most resilient over the next 12 months

Where is the pricing bottom for APAC assets?

From a capital markets/liquidity perspective, how far is office from the “bottom” in APAC?

40%

Living

28%

31%

30%

26%

16%

17%

Logistics

21%

Q2 2024 Q3 2024 Q4 2024 H1 2025 H2 2025+

20%

20%

16%

15%

Retail

20%

10%

23%

7%

Hotels

17%

0%

29%

End of 2024

1H 2025 2H 2025 and beyond

Only way is up

Catch a falling knife

Office

14%

Living continues to be the favored sector among respondents. As capital continues to flow into multifamily, nascent markets - such as Australia and China – are expected to grow.

Roughly a third of respondents expect pricing for APAC assets (all sectors) to be at the bottom only in the first half of 2025.

Highest share of respondents (29%) expects office liquidity to be at the market bottom in Q4 2024, followed by Q3 2024 (23%).

(survey conducted in May 2024)

(survey conducted in Jun 2024)

(survey conducted in Mar 2024)

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