Real Estate Leaders Unpack Asia’s Property Trends
The post Real Estate Leaders Unpack Asia’s Property Trends appeared on BitcoinEthereumNews.com.
(From left): Anthony Capuano, CEO of Marriott International; Lee Yeow Chor, CEO of IOI Corp.; Irfan Razack, Chairman of Prestige Group; Panote Sirivadhanabhakdi, Group CEO of Frasers Property; and Michael T. Smith, CEO of Hongkong Land, at the Forbes Global CEO Conference 2025. Forbes Asia Seasoned real estate leaders including Marriott International’s Anthony Capuano, IOI Corp.’s Lee Yeow Chor, Prestige Group’s Irfan Razack, Frasers Property’s Panote Sirivadhanabhakdi and Hongkong Land’s Michael Smith shared the latest trends in Asia’s commercial property and hospitality industries at the Forbes Global CEO Conference in Jakarta on Tuesday. Razack, the Indian billionaire chairman of developer Prestige Group in Bangalore, sees an office boom in the South Asian country, driven by demands from the so-called global capability centers, which are offices set up by multinational corporations to handle operations like software development and accounting. Irfan Razack, chairman and managing director of Prestige Group. Forbes Asia “The consumption of office space in the first half in India has been 39,000,000 square feet, which is pretty huge,” said Razack. “And India has crossed the mark of one billion [square feet of] office space.” To capture the opportunity, his company planned to spend 120 billion rupees ($1.4 billion) to add more than 17 million square feet of office space across India into its portfolio, bringing the total to some 30 million square feet of office space by April 2028. Meanwhile, Smith, the chief executive of one of the biggest commercial landlords in Hong Kong’s Central business district, sees resilience in the city’s luxury retail sector. Despite subdued consumer sentiment across the Asian financial hub, Hongkong Land, a subsidiary of Hong Kong-based conglomerate Jardine Matheson, is pressing ahead with a $1 billion revamp of its high-end retail portfolio in Central. Michael Smith, chief executive of Hongkong Land. Forbes Asia “We…
Filed under: News - @ October 15, 2025 2:23 am