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Yang Huiyan Country Garden

Country Garden Loses Top Spot Among China Developers as Sales Fall 53%

Yang Huiyan Country Garden

2024/01/04 by Christopher Caillavet Leave a Comment

Country Garden’s two-year reign as China’s biggest developer came crashing to earth in 2023 as the Guangdong-based builder’s contracted sales plunged 53.3 percent on the year to RMB 216.9 billion ($30.6 billion).

After knocking longtime champion China Evergrande out of… Read More>>

Country Garden’s two-year reign as China’s biggest developer came crashing to earth in 2023 as the Guangdong-based … Read more>>>

Norry Lee JLL

Hong Kong Private Housing Completions to Drop 44% Over Three-Year Period: JLL

Norry Lee JLL

2024/01/04 by Christopher Caillavet Leave a Comment

Annual completions of private housing in Hong Kong for the three years of 2026-28 are expected to fall 44 percent compared with those in 2023-25, according to a JLL forecast.

Declining homebuyer interest and pressure on builders from high interest… Read More>>

Annual completions of private housing in Hong Kong for the three years of 2026-28 are expected to fall 44 percent … Read more>>>

20220110_Portrait_Savills_Christian Mancini

Investment in Japanese Hotels Jumps 50% as Foreign Investors Pile In

20220110_Portrait_Savills_Christian Mancini

2024/01/03 by Poonyapat Luenam Leave a Comment

With Japan’s tourism sector on the rebound, global players have ramped up purchases of hospitality assets in Asia’s second largest economy, with foreign investors accounting for more than 60 percent of hotel acquisitions in the country during the first three… Read More>>

With Japan’s tourism sector on the rebound, global players have ramped up purchases of hospitality assets in Asia’s … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Home Prices Climb 2.7% in Q4 on Launch of Luxury Projects

URA chief executive officer Lim Eng Hwee

2024/01/02 by Beatrice Laforga Leave a Comment

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding quarter, as slower sales allowed a few luxury project launches to skew a government price index higher, while growth for… Read More>>

Private home prices in Singapore rose by 2.7 percent in the final three months of 2023, compared to the preceding … Read more>>>

Gan Kim Yong MITI Singapore

Singapore Rolls Out Biggest Industrial Land Sale Plan in a Decade, Despite Dim Demand

Gan Kim Yong MITI Singapore

2023/12/31 by Beatrice Laforga Leave a Comment

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of shed sites in a decade, although experts anticipate tepid bidding amid a slowing market.

In releasing its sale… Read More>>

Singapore is set to auction off 29 percent more industrial land in the first half of 2024 in its biggest offering of … Read more>>>

Shaw Towers

Downtown Singapore Office Rent Growth Set to Slow to 2% in 2024 as Supply Surges

Shaw Towers

2023/12/26 by Christopher Caillavet Leave a Comment

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a surge in new supply, according to Cushman & Wakefield.

After rising 6.5 percent in 2022 and an… Read More>>

Growth in Grade A office rents in downtown Singapore is expected to taper to 2 percent next year from 2023 levels amid a … Read more>>>

Joe Tsai - Alibaba

Hong Kong Warehouse Rents Fell 0.5% in Q3 Amid Trade Weakness

Joe Tsai - Alibaba

2023/12/26 by Christopher Caillavet Leave a Comment

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand continued to diminish and warehouse tenants refrained from actively seeking expansion opportunities, according to Savills.

The Asian finance hub’s logistics sector has… Read More>>

Warehouse rents in Hong Kong declined 0.5 percent year-on-year in the third quarter of 2023 as logistics demand … Read more>>>

The Henderson 2023-12-08

Hong Kong Grade A Office Rents Seen Falling Another 5-10% in 2024

The Henderson 2023-12-08

2023/12/18 by Christopher Caillavet Leave a Comment

After declining by 5.3 percent this year, Grade A office rents in Hong Kong are likely to tumble another 5 to 10 percent in 2024 as high interest rates and a global economic slowdown continue to challenge the leasing market,… Read More>>

After declining by 5.3 percent this year, Grade A office rents in Hong Kong are likely to tumble another 5 to 10 percent … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Home Sales Nearly Triple in November as Buyers Snap Up Surge in Supply 

URA chief executive officer Lim Eng Hwee

2023/12/15 by Beatrice Laforga Leave a Comment

Singapore private home sales nearly tripled to 784 units in November as a trio of condo launches helped snap three straight months of declining housing deals.

Developers’ home sales, excluding subsidised executive condos, jumped 286 percent last month from the… Read More>>

Singapore private home sales nearly tripled to 784 units in November as a trio of condo launches helped snap three … Read more>>>

Ap Lei Chau

Hong Kongers Grow Pessimistic on Residential Market: Citi Survey

Ap Lei Chau

2023/12/13 by Christopher Caillavet Leave a Comment

Just 13 percent of Hongkongers polled by Citi say it’s a good time to buy a home, down from 16 percent a year ago, the global bank said Tuesday.

The latest figure, based on data from 1,100 respondents in September,… Read More>>

Just 13 percent of Hongkongers polled by Citi say it’s a good time to buy a home, down from 16 percent a year ago, the … Read more>>>

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