JLL APAC Debt Survey 2022

What do bank and non-bank lenders expect in the next 24 months? We analysed 209 responses from 167 commercial real estate lenders. 

"As a result of challenging macroeconomics, and increased cost of funding, 60% of lenders anticipate their lending margins will increase over the next 12 months."

Paul Brindley
Head of Debt Advisory, APAC


80% of lenders say they anticipate an increase in the size of the Watchlist over the next 12 months, and would consider selling loans and/or foreclosure.


Australia, Hong Kong SAR and China are anticipated to see the largest net increase in loan exposure over the next 24 months.

Asset Types

Logistics and industrial will see largest net increase in loan exposure over the next 12 to 24 months.


Lenders are increasingly taking an interest in alternative asset classes such as data centres, healthcare, life sciences and senior living.

Top Challenges

The macroeconomic outlook is a key concern for all lenders, with bank lenders particularly concerned about regulatory challenges.


Given macroeconomic concerns, half of lenders have already adopted enhanced scrutiny of new opportunities, and many more are likely to follow.

We are Capital Markets. We are JLL Debt Advisory.

We provide you insight to create a world of opportunity.

Talk to us about your financing needs

Explore how we help our clients achieve their investment goals.