"The Beijing Grade A offi ce market will continue to face signifi cant pressurein the medium-to-long term as over 1.3 million sq m of new supply is expected in 2021."

"Open borders will unlock office demand, especially from Mainlandfirms who have become a key driver of office take-up in Central. As PRC firms become more diverse in their business lines, we expect demand to shift more to non-core areas."

"Once a significant majority of the population is vaccinated leading to near normalcy, we expect India to remain a preferred global outsourcing destination on account of its large base of technical knowledge and cost-effective talent."

"With global money supply growth still signifi cantly above previous norms while real interest rates remain subdued, signifi cant yield compression is a likely outcome."