Asian property developers must move with the times

In Asia Pacific, real estate has grabbed the headlines several times in 2017 -- from Hong Kong recording the world's highest transaction for a single office block with the sale of The Center for $5.2 billion; to hotel conglomerate Accor's $1.2 billion acquisition of Australia's Mantra Group's portfolio of serviced apartments; and the $1.5 billion sale of Singapore's Asia Square Tower 2 to CapitaLand Investment Trust.