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Technology Companies Drive Asia Pacific Office Growth

Beijing, Shanghai, Bengaluru, Shenzhen, and Singapore are among the top five technology centers in Asia Pacific. The growth of technology companies has an impact on the demand for office properties in Asia Pacific. Managing Director of Occupier Services Colliers Asia Sam Harvey-Jones said that the technology sector is the main actor in the increasing demand […]

Beijing, Shanghai, Bengaluru, Shenzhen, and Singapore are among the top five technology centers in Asia Pacific. The growth of technology companies has an impact on the demand for office properties in Asia Pacific. Managing Director of Occupier Services Colliers Asia Sam Harvey-Jones said that the technology sector is the main actor in the increasing demand for office rentals in major cities in Asia Pacific.

Demand from multinational companies remains a priority. However, it is hoped that technology companies in Asia Pacific will be able to meet the demand for prime office properties over the next 5 years. The world’s top public companies by market capitalization He estimates that users will account for 20 percent to 25 percent of total office rental demand in the Asia Pacific region over the next 5 years.

Chinese Technology Company has been very active in property development across Asia Pacific

Managing Director, Capital Markets & Investment Services Colliers International said big technology companies, especially Chinese technology company, has been very active in investment and property development across Asia Pacific.

These companies are now a major new class of property owners. In 2020, several technology company b succeeded in acquiring Asia Pacific real estate assets with a fantastic value of US $ 10 billion or equivalent to 144.4 trillion. That companies in China actively invest in the property sector. The reason is that property development is not only designed for offices but also for the development of warehousing and data centers.

These companies are not only tenants, but can also own them. That old buildings be returned to meet future work needs, such as offices, logistics, warehousing, and data centers. Beijing, Shanghai, Bengaluru, Shenzhen, and Singapore are among the top five technology centers in Asia Pacific. The developers in the five cities have started offering properties that not only have good infrastructure, but are also unique so they can attract tenants.

The strategic location of the property is also a special attraction for investors because of the increase in its value in the future. Other cities, for example, Seoul and Hong Kong, are also developing rapidly in the field of technology, especially in the fin tech sector. New tech hubs in Hyderabad and Sydney are also starting to emerge. Then also to new technology centers will appear in Yangpu Shanghai, Whitefield and North Bengaluru in India, as well as CBD South Sydney.

The wave of demand from tenants from technology companies has created new opportunities for property owners. Investors should consider technology companies as alternative buyers for aging assets. It can also be done by testing with technology companies to redevelop their property assets.

Property owners in warehousing, logistics and data centers could consider joint ventures with technology to develop existing property assets. Investors with passive capital can invest in real estate funds set up by technology companies that are open to third-party funds.

Technology Companies in Indonesia entered the Deloitte Technology Fast 500 Asia Pacific 2020

Indonesia has successfully entered the Deloitte Technology Fast 500 Asia Pacific 2020 list for the first time by being ranked 94th out of the 500 fastest growing technology companies in Asia Pacific.

E-commerce company Tokopedia is the only Indonesian company on this year’s list. Going forward, Tokopedia will continue to be a technology company that allows Indonesians to start and discover anything, in line with our company’s mission to accelerate digital economic equality in Indonesia.

Meanwhile, this ranking is based on the percentage of revenue growth over the past three years. Tokopedia grew 608 percent during this period. Overall, companies ranked in the Deloitte Technology Fast 500 Asia Pacific 2020 had an average growth rate of 551 percent.

Tokopedia also recently reported a growth in the number of sellers on its platform from 7.2 million before the pandemic in January 2020 to more than 10 million sellers today. In addition, Tokopedia has growth in the number of monthly active users, from more than 90 million before the pandemic in January 2020 to more than 100 million.

Ranking in the Deloitte Technology Fast 500 is a huge achievement, especially since today’s technology companies thrive in a highly competitive and constantly changing environment. To qualify for the Technology Fast 500, participants must have an annual operating income of at least US$50,000. Participants must also be a public or private company headquartered in Asia Pacific and must be a “technology company”, defined as a company that develops or owns proprietary technology that makes a significant contribution to the company’s operating income; or make products related to technology; or have a focus in technology research and development.

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