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URA chief executive officer Lim Eng Hwee

Singapore Cues Up Sites for 5,450 New Homes in Biggest Land Sale Plan Since 2013

URA chief executive officer Lim Eng Hwee

2023/12/06 by Beatrice Laforga Leave a Comment

Singapore has cued up the city-state’s biggest housing pipeline in more than a decade with the Urban Redevelopment Authority (URA) on Wednesday announcing plans to sell sites capable of yielding up to 5,450 new private homes during the first half… Read More>>

Singapore has cued up the city-state’s biggest housing pipeline in more than a decade with the Urban Redevelopment … Read more>>>

pan gongsheng PBOC

China Housing Market Continues Slide Despite Support Measures

pan gongsheng PBOC

2023/12/01 by Kevin He Leave a Comment

China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing property market, with the mainland’s pessimistic economic outlook and developers’ increased backlog of unfinished projects weighing on buyer appetite.

China’s… Read More>>

China home sales and prices continue to plummet despite a raft of recent government measures to prop up the ailing … Read more>>>

Singapore Minister for National Development Desmond Lee

Singapore Pushes Land Sales for Long-Stay Rental Apartments in Policy Shift

Singapore Minister for National Development Desmond Lee

2023/11/30 by Christopher Caillavet Leave a Comment

Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development Desmond Lee announcing the first pair of sites to be sold under the new initiative in a speech on Wednesday.

Already on the Urban… Read More>>

Singapore is now designating land for development of long-stay rental apartments, with Minister for National Development … Read more>>>

Monetary Authority of Singapore chief Ravi Menon

Singapore Central Bank Sees Home Prices, Rents Cooling as Housing Supply Grows

Monetary Authority of Singapore chief Ravi Menon

2023/11/28 by Beatrice Laforga Leave a Comment

The central bank of Singapore sees home price and rent growth slowing over the near term as demand cools and the government continues add more residential sites to the development pipeline.

In this year’s Financial Stability Review, the Monetary Authority… Read More>>

The central bank of Singapore sees home price and rent growth slowing over the near term as demand cools and the … Read more>>>

Ken Tang JLL

Hong Kong Office Leasing Grew Again in October as Occupiers Grabbed Bargains

Ken Tang JLL

2023/11/27 by Christopher Caillavet Leave a Comment

Tenants in Hong Kong’s Grade A office market took up 152,500 square feet (14,168 square metres) more than they gave back in October, marking a third straight month of positive take-up, according to JLL.

The overall vacancy rate of the… Read More>>

Tenants in Hong Kong’s Grade A office market took up 152,500 square feet (14,168 square metres) more than they gave back … Read more>>>

Alan Beebe ULI

Tokyo Regains Spot as Top APAC Investment Destination in ULI Poll

Alan Beebe ULI

2023/11/24 by Poonyapat Luenam Leave a Comment

Tokyo has been crowned Asia Pacific’s most favoured destination for property investment for 2024, reclaiming the title for the fourth time in the past decade, according to an annual survey by the Urban Land Institute (ULI) and financial consulting firm… Read More>>

Tokyo has been crowned Asia Pacific’s most favoured destination for property investment for 2024, reclaiming the title … Read more>>>

Rosanna Tang, head of research for Hong Kong at Cushman & Wakefield

Hong Kong Slips in Global Retail Rent Rankings as Recovery Lags

Rosanna Tang, head of research for Hong Kong at Cushman & Wakefield

2023/11/24 by Beatrice Laforga Leave a Comment

Hong Kong’s Tsim Sha Tsui slid to the third spot among the world’s most expensive shopping districts this year as economic recovery in the Asian financial hub lagged its global peers, according to a report released this month.

Retail rents… Read More>>

Hong Kong’s Tsim Sha Tsui slid to the third spot among the world’s most expensive shopping districts this year as … Read more>>>

MTR Tung Chung

Hong Kong Residential Tender Failures in Past 22 Months Surpass 2015-2021 Total

MTR Tung Chung

2023/11/20 by Kevin He Leave a Comment

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the previous seven years, according to a report by consultancy JLL.

The government has withdrawn four residential sites from tenders since… Read More>>

The number of failed residential development tenders in Hong Kong over the last 22 months has surpassed that of the … Read more>>>

Alan Cheong, Alan Cheong, executive director for research at Savills

Mall Rents in Singapore’s Orchard Area Up 1.3% in Q3 as Visitors Return

Alan Cheong, Alan Cheong, executive director for research at Savills

2023/11/20 by Beatrice Laforga Leave a Comment

Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the preceding three months on the back of a rebound in travel and the ongoing rejuvenation in the area.

Average passing… Read More>>

Mall rents in Singapore’s famed Orchard Road shopping area inched up by 1.3 percent in the third quarter from the … Read more>>>

Bernie Yardi thumbnail

A Third of Asia Real Estate Executives Expect Revolutionary Industry Impact From AI

Bernie Yardi thumbnail

2023/11/20 by Michael Cole Leave a Comment

Following the launch of ChatGPT one year ago, more than a third of Asia real estate executives expect artificial intelligence to have a revolutionary impact on the industry, according to a report released this past week by Yardi, based on… Read More>>

Following the launch of ChatGPT one year ago, more than a third of Asia real estate executives expect artificial … Read more>>>

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