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CK Asset's Cheung Kong Center II was reported to be only 10 percent leased in May

New Building Debuts Boost Office Vacancy in Hong Kong’s Central to 12.1%

CK Asset's Cheung Kong Center II was reported to be only 10 percent leased in May

2024/07/29 by Michael Cole Leave a Comment

The debut of new office buildings in Hong Kong’s Central district has boosted vacancy in what was once among Asia’s most sought after business locations by 29 percent from a year earlier, according to new figures from JLL.

Some 12.1… Read More>>

The debut of new office buildings in Hong Kong’s Central district has boosted vacancy in what was once among Asia’s most … Read more>>>

Jeremy Lake Savills

Singapore Private Real Estate Investment Up 27% in Q2 as Market Confidence Recovers

Jeremy Lake Savills

2024/07/29 by Michael Cole Leave a Comment

Private investment in Singapore real estate rose 26.7 percent in the second quarter of this year, compared to the same period in 2023, to reach S$3.32 billion ($2.47 billion), following some major transactions in the city-state’s urban core.

The jump… Read More>>

Private investment in Singapore real estate rose 26.7 percent in the second quarter of this year, compared to the same … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore New Home Price Growth Slows as Half-Year Sales Hit All-Time Low

URA chief executive officer Lim Eng Hwee

2024/07/27 by Christopher Caillavet Leave a Comment

Average prices for new private homes in Singapore rose 0.9 percent during the second quarter of 2024, slowing from the 1.4 percent growth of the previous quarter, according to data released by the Urban Redevelopment Authority on Friday.

Developers sold… Read More>>

Average prices for new private homes in Singapore rose 0.9 percent during the second quarter of 2024, slowing from the … Read more>>>

Shanghai-Pudong

Shanghai Office Rents Plunge 10% as Vacancy Hovers Near Two-Decade High

Shanghai-Pudong

2024/07/18 by Kevin He Leave a Comment

Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank report released Wednesday, as vacancy continued to hover near two-decade highs amid sluggish leasing demand and a supply overhang.

… Read More>>

Prime office rents in Shanghai plunged 9.9 percent in the second quarter from a year prior, according to a Knight Frank … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Home Sales Climb 2.2% After May Plunge as Buyers Weigh Options

URA chief executive officer Lim Eng Hwee

2024/07/15 by Christopher Caillavet Leave a Comment

New private home sales in Singapore crept up 2.2 percent in June from May’s low base, according to data released by the Urban Redevelopment Authority on Monday.

Excluding executive condos, developers sold 228 new homes in June after moving just… Read More>>

New private home sales in Singapore crept up 2.2 percent in June from May’s low base, according to data released by the … Read more>>>

The Henderson

Hong Kong Office Vacancy Hits Record High of 13.6% as Occupiers Move to Downsize

The Henderson

2024/07/12 by Kevin He Leave a Comment

Office vacancy in Hong Kong reached a record high of 13.6 percent at the end of June, as sluggish leasing demand and oversupply drove average office rents in the Asian financial centre down 4.3 percent in the first half of… Read More>>

Office vacancy in Hong Kong reached a record high of 13.6 percent at the end of June, as sluggish leasing demand and … Read more>>>

Wayne Teo of CapitaLand Investment

AI-Driven Global Data Centre Surge Finding a Higher Gear in APAC: CapitaLand Investment

Wayne Teo of CapitaLand Investment

2024/07/08 by Christopher Caillavet Leave a Comment

The rise of artificial intelligence is driving a buildout of capital-intensive digital infrastructure on a global scale, but nowhere is the story unfolding as rapidly as in Asia Pacific, according to CapitaLand Investment.

The region’s economies are growing faster and… Read More>>

The rise of artificial intelligence is driving a buildout of capital-intensive digital infrastructure on a global scale, … Read more>>>

Bernadette Linn Hong Kong

Hong Kong Government Offering Single Residential Site for Tender This Quarter

Bernadette Linn Hong Kong

2024/07/07 by Christopher Caillavet Leave a Comment

The Hong Kong government on Thursday announced plans to offer a single residential site in the New Territories’ Sha Tin district under the city’s quarterly land sale programme.

In the July-September period, which corresponds to the second quarter of Hong… Read More>>

The Hong Kong government on Thursday announced plans to offer a single residential site in the New Territories’ Sha Tin … Read more>>>

David McKellar of CBRE

Singapore Core CBD Office Rents Stayed Flat in Q2, Snapping 3-Year Growth Streak: CBRE

David McKellar of CBRE

2024/07/03 by Christopher Caillavet Leave a Comment

Grade A office rents in Singapore’s core central business district remained flat in the April-June period after 12 straight quarters of increases, according to CBRE.

Second-quarter rents averaged S$11.95 ($8.80) per square foot per month in the core CBD, bringing… Read More>>

Grade A office rents in Singapore’s core central business district remained flat in the April-June period after 12 … Read more>>>

URA chief executive officer Lim Eng Hwee

Singapore Private Home Price Growth Slows to 1.1% as Sales Flatten

URA chief executive officer Lim Eng Hwee

2024/07/02 by Christopher Caillavet Leave a Comment

Flash data showed that Singapore’s private home prices rose 1.1 percent in the second quarter of 2024, easing from 1.4 percent growth in the first three months of the year as transaction volume remained flat, according to the Urban Redevelopment… Read More>>

Flash data showed that Singapore’s private home prices rose 1.1 percent in the second quarter of 2024, easing from 1.4 … Read more>>>

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