Asia Pacific real estate investment news and information
Despite a spike in Grade A office supply across central Tokyo, average rents for high-end workspace climbed by 0.5 percent quarter-on-quarter at the end of 2023, according to Savills.
As office tenants paid average monthly rents of JPY 9,872 ($69)… 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 surge in new supply, according to Cushman & Wakefield.
After rising 6.5 percent in 2022 and an… 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 in 2024 as high interest rates and a global economic slowdown continue to challenge the leasing market,… Read More>>
GuocoLand has achieved 90 percent take-up for its 709,000 square foot (65,868 square metre) Guoco Midtown office project, based on pre-commitments, marking a fresh milestone for Singapore’s once-fringe Bugis area as an aspiring business location.
Guoco Midtown is set to… 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 in October, marking a third straight month of positive take-up, according to JLL.
The overall vacancy rate of the… Read More>>
After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last month in terms of net area leased, with tenants taking up 229,800 square feet (21,349 square metres) more than they gave up, thanks… Read More>>
Average rents for Grade A offices in Singapore’s central business district fell for the first time in over two years during the third quarter, sliding by 0.3 percent in the face of dipping demand and an influx of new space,… Read More>>
Hong Kong’s Grade A office market in July saw tenants give back 224,600 square feet (20,866 square metres) more than they took up, though rising momentum from travel and leisure occupiers offered a bright spot amid the gloom, according to… Read More>>
After contracting by more than 420,000 square feet (39,000 square metres) in the first half of 2023, Hong Kong’s office market may be about to see its biggest lease of the year, with ICBC said to be preparing to sign… Read More>>
The price for a developer to maintain occupancy in a prime office property in Hong Kong’s declining market might just be a 12 percent rent cut, according to operating statistics released by one of the city’s top commercial landlords late… Read More>>
