Hong Kong’s office market showed signs of revival after a prolonged slump as more tenants leased fresh space than gave up old offices for the first time in two years.
Net absorption of Grade A space in the world’s most… Read More>>
Recovery Sighted as Singapore Grade A Office Rents Inch Upward in Q3
A broad recovery is on the cards in Singapore’s office leasing market after a second straight quarter of growth for Grade A rents in the central business district, according to Cushman & Wakefield.
During the third quarter, Grade A office… Read More>>
Carrie Lam Touts ‘Northern Metropolis’ Scheme in Last HK Policy Address
In the final Policy Address of her current term as Hong Kong’s chief executive, Carrie Lam put housing and land supply issues front and centre, shining the spotlight on a lofty proposal to transform the city’s northern reaches into a… Read More>>
Hong Kong Home Prices Soon to Surpass 2019 Peak Says Cushman & Wakefield
Despite home sales seeing a 15 percent year-on-year surge in the third quarter of 2021, purchase of new housing in Hong Kong began to slow in August, according to a report from property services firm Cushman & Wakefield.
Transaction volumes… Read More>>
IPO Tycoons Help Drive Near Tripling of Hong Kong Luxury Home Sales
Sales in Hong Kong’s luxury residential market nearly tripled in the 12 months that ended 30 June, driven by wealthy locals who resumed home-buying activities and a surge of initial public offerings on the Hong Kong and Shenzhen stock exchanges.
China Dominates APAC Property Investment With $12.4B in Q2 Deals
China continued its reign as Asia Pacific’s biggest real estate market in the second quarter with $12.4 billion in property investments, a total that was up 6 percent compared with the same period in 2020, according to Real Capital Analytics.
Hong Kong Office Market Contracted Again in July as Pandemic Struggles Continued
Hong Kong’s Grade A office market continued to struggle last month with the amount of space leased by tenants falling once again, as business confidence proves slow to return to the Asian financial hub.
July saw Hong Kong’s office market… Read More>>
Surge in Warehouse, Data Centre Buys Drives Industrial Deals to Record $13.4B in Q2
Transactions of warehouses, data centres and other industrial property assets in Asia Pacific’s key markets jumped 82 percent year-on-year in the second quarter of 2021 to a new high of $13.4 billion, within striking distance of the $13.6 billion in… Read More>>
Despite Rising Housing Sales, Over 50% of Hong Kongers Uninterested in Home Buying
Despite the improving pandemic situation and rising property sales in Hong Kong, interest in buying homes fell by three percentage points to 14 percent in the second quarter of 2021, according to a Citibank survey on residential property ownership.
In… Read More>>
Hong Kong Office Market Contracted Again in June as Central Vacancy Hit 7.4%
Hong Kong’s Grade A office market showed signs of weakness in June, despite leasing activity in Central having doubled in the first half of 2021, according to a report by JLL.
In June, Hong Kong experienced a citywide rise in… Read More>>
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