Hong Kong’s office leasing market shook off a sluggish first half of 2021 as tenants rediscovered their appetites for desk space, although average rents still suffered a full year decline after a steeper drop in 2020, according to research from… Read More>>
Uptick in Hong Kong Office Rents Snaps 28-Month Slump
Average office rents in Hong Kong’s Grade A office market rose 0.2 percent in October from the month before, their first increase since rates last peaked in May 2019, according to JLL.
On a net effective rental basis, average tariffs… Read More>>
Amazon Opens in Singapore’s Asia Square as Tech Takes Over
Tech giant Amazon has moved into a new home spanning three floors of Singapore’s Asia Square One office tower, bringing a high tech hipster style to the city’s banker-dominated Marina Bay financial hub.
Occupying over 100,000 square feet (9,290 square… Read More>>
HK Office Leasing Grows for the First Time in Two Years, Rents Still Slide
Hong Kong’s office market showed signs of revival after a prolonged slump as more tenants leased fresh space than gave up old offices for the first time in two years.
Net absorption of Grade A space in the world’s most… Read More>>
Evergrande Defaults Boost Chinese Bond Yield Spreads and More Asia Real Estate Headlines
The ongoing financial crisis facing some of China’s largest developers continued to dominate the headlines today with investors pushing spreads for Chinese high yield bonds to record highs as Evergrande Group continues to crumble and a range of smaller builders… Read More>>
Recovery Sighted as Singapore Grade A Office Rents Inch Upward in Q3
A broad recovery is on the cards in Singapore’s office leasing market after a second straight quarter of growth for Grade A rents in the central business district, according to Cushman & Wakefield.
During the third quarter, Grade A office… Read More>>
Hong Kong Office Market Contracted Again in July as Pandemic Struggles Continued
Hong Kong’s Grade A office market continued to struggle last month with the amount of space leased by tenants falling once again, as business confidence proves slow to return to the Asian financial hub.
July saw Hong Kong’s office market… Read More>>
Swire’s Tale of Two Districts Reveals HK Office Tenant Flight to Value
The latest financial results released by blue chip developer Swire Properties highlight a growing trend in Hong Kong’s office market, as large occupiers flee the punishing prices of the city’s traditional business hubs in favour of lower rents at high-spec… Read More>>
Hong Kong Office Market Contracted Again in June as Central Vacancy Hit 7.4%
Hong Kong’s Grade A office market showed signs of weakness in June, despite leasing activity in Central having doubled in the first half of 2021, according to a report by JLL.
In June, Hong Kong experienced a citywide rise in… Read More>>
Central Singapore Office Rents Rose 1.2% in Q2 in First COVID-Era Increase
Spring has brought fresh growth to Singapore’s central business district as office rents registered their first uptick since the dawn of the pandemic, JLL said this week in its second-quarter research report.
Average monthly gross effective rents for Grade A… Read More>>
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