A fresh update from the head of Shenzhen’s Kaisa Group leads this week’s collection of personnel moves from around the region with the once-detained, twice-defaulted entrepreneur being named to the board of Kaisa’s property management unit. Also making the list… Read More>>
Seoul Office Rents Grew 2.4% in Q1, Now Up 9.4% From March 2023
Seoul’s office market continues to defy a global slowdown as rents for workspace in the Korean capital climbed by 2.4 percent quarter-on-quarter in the first three months of the year, according to JLL.
Office tenants paid an average monthly rent… Read More>>
Singapore Downtown Office Rents Revived in Q1 to Reach 15-Year High: JLL
After a brief slump in the second half of 2023, office rents in downtown Singapore jumped 1.3 percent on a quarterly basis in the first three months of 2024 to hit a 15-year high, according to JLL.
Gross effective rents… Read More>>
MSCI’s David Green-Morgan Returns to JLL in APAC Senior Advisor Role
JLL on Tuesday announced the appointment of David Green-Morgan as senior advisor for Asia Pacific capital markets research, with the veteran analyst having left his prior post at MSCI Real Assets in March.
In the newly created role, Green-Morgan will… Read More>>
Central Rents Down 2.4% in February as Hong Kong Office Tenants Give Back More Space
Office rents in Hong Kong’s prime Central district fell 2.4 percent in February from month-earlier levels as tenants citywide gave back more Grade A space than they took up, according to JLL.
The overall market recorded a negative net absorption… Read More>>
Mainlanders Buy 70% of Hong Kong Luxury Homes After Cooling Measures End
Mainland Chinese buyers account for 70 percent of primary market sales of Hong Kong luxury homes worth at least HK$30 million ($3.8 million) since the removal of cooling measures last month, up from less than 50 percent before the curbs… Read More>>
Rebound in Cross-Border Education Attracting Capital to Aussie Student Housing
International students in Australia have surpassed their pre-COVID numbers, delivering a boost to purpose-built student housing and driving a reallocation of capital into the sector, according to JLL.
Last year saw the number of international students exceed the previous 2019… Read More>>
Asia Real Estate People in the News 2024-03-04
A new chairman for one of Singapore’s largest developers leads this week’s review of personnel moves in Asia’s real estate industry, as a dynasty moves into a new generation. Also in the news is a future CEO for an Indian… Read More>>
Singapore’s Sun Venture Expands into Hospitality With London Hotel Buy
Singapore investment manager Sun Venture has made its first hospitality bet by acquiring a 280-key hotel in central London from UK asset manager Resolution Property for less than £100 million ($126.5 million), according to market sources familiar with the transaction.
JLL Appoints Tim Graham as Global Lead of International and Strategic Capital
JLL has named Tim Graham as global lead of international and strategic capital for its capital markets division, an appointment described by the property consultancy as affirming Asian capital and assets being “front and center of the global conversation.”
Graham,… Read More>>
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