Savills tops Mingtiandi’s deal charts for the third time running, after reportedly linking up with First Group in the Hong Kong developer’s HK$640 million ($83 million) purchase of a commercial site in New Kowloon – right next door to a… Read More>>
Hong Kong Office Rents Fell 2.2% in February as COVID-19 Rocks Property Market
The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces suffering the steepest month-on-month drop in more than a decade, according to a report this week by JLL.
The property consultancy… Read More>>
JLL Leads APAC Investment Brokerage Ranks with $28B in 2019 Deals
JLL topped the list of capital markets brokerages in Asia Pacific’s during 2019 as measured by transaction volumes, according to Real Capital Analytics, in a year that saw $169 billion in investment transactions across the region – a 6 percent… Read More>>
Hong Kong Developers Cut Condo Launches 93% as Demand Disappears
Developers are holding off from launching new residential projects in Hong Kong amid a property slump in the Asian financial hub that has been exacerbated by the coronavirus outbreak, according to JLL.
The property consultancy said that developers added just… Read More>>
Virus Drives Office Vacancy in HK’s Central District to Highest Level Since 2014
Adding illness to injury, the coronavirus outbreak has brought vacancy in the world’s most expensive office location to its highest level in over five years, according to a report this week from JLL.
The property consultancy said that vacancy rates… Read More>>
Savills Leads Brokerage Wins with $1.2B LG Towers Sale in Beijing Mingtiandi Broker Battle
Despite the market continuing to be quiet across Greater China, Savills’ reported brokering of the RMB 8 Billion ($1.1 billion) sale of LG Group’s Beijing HQ tops Asia’s deal charts this week, with the deal ranking as the biggest transaction… Read More>>
Asia Real Estate People in the News 2020-02-24
In this week’s edition of People in the News, WeWork continues its senior leadership re-building by bringing on board a former Ernst & Young principal as chief operating officer, while the global community director at Hong Kong’s The Executive Centre… Read More>>
ESR, Goldman Sachs Seeking Buyer for A$275M Brisbane Building
ESR Australia has put Brisbane’s State Law Building on the market with the sale expected to fetch upwards of A$275 million ($184 million), as the logistics specialist continues to offload non-core assets down under.
The Warburg Pincus-backed company, which has… Read More>>
JLL Chooses New Japan Boss for Hotel Division
Property consultancy JLL has chosen new leadership for its hotel advisory unit in Japan, according to an announcement by the company late last week.
Takahiro Tsujikawa will take over as head of JLL Hotels and Hospitality for Japan effective 1… Read More>>
Asia Real Estate People in the News 2020-02-17
In this week’s edition of People in the News, an SC Capital Partners executive director in Shanghai has stepped up to managing director, while a WeWork senior director of real estate has defected to JLL to head the China desk… Read More>>
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