Vacancy rate of overall Grade A office in Hong Kong rises to 13.5% in May- JLL
In May 2024, the overall vacancy rate for Grade A offices in Hong Kong increased to 13.5%, primarily due to the new completions and rents fell for the 25th consecutive month, with notable decreases in Central, Hong Kong East, Tsimshatsui, and Kowloon East, according to JLL's latest Hong Kong...
India commercial real estate debt market to expand by 40% in the next three years - JLL
The JLL-Propstack report projects a 40% growth in India's commercial real estate debt market over the next three years, presenting a $170 billion financing opportunity and the Lease Rental Discounting (LRD) opportunities valued at more than $100 billion are anticipated until 2026.
Strong growth of Bangkok’s shopping centres in the second half of 2023 – Knight Frank
According to Knight Frank Thailand Research, in the second half of 2023, Bangkok's shopping centres experienced strong growth driven by returning foreign tourists and strategic adaptations with projections for further expansion through large-scale developments and favourable new VAT laws.
The Inclusive Cities Barometer for Asia Pacific released - Cushman & Wakefield
Cushman & Wakefield has released the first Inclusive Cities Barometer for Asia Pacific, which evaluates 35 cities based on their economic, social, spatial, and environmental inclusivity, with Melbourne, Singapore, and Wellington leading the list.
Asia leads the global prime residential market recovery in Q1 2024 – Knight Frank
According to Knight Frank's Prime Global Cities Index, Asia is leading the recovery of the global prime residential market, with four of the top five performing cities—Manila, Tokyo, Mumbai, and Delhi—showing significant growth in Q1 2024 with an average annual growth of 4.1%, the highest since...
Asia Pacific Investors Face Minimal Debt Funding Gap; Australia and Mainland China Have Largest Gaps: CBRE Analysis
According to the latest analysis from CBRE, the Asia Pacific region faces a relatively minimal debt funding gap in the commercial real estate sector, with an expected shortfall of US$8.4 billion between 2024 and 2026. Australia and mainland China exhibit the largest gaps within Asia Pacific, at...
APAC dominates global land and development site investments - Colliers
In the first quarter of 2024, the Asia Pacific region dominated global investments in land and development sites, with China, Singapore, Australia, and India ranking among the top five destinations for cross-border capital, according to Colliers' Q1 2024 Global Capital Flows research. China and...
Southeast Asia & India emerging manufacturing centres - JLL
According to JLL, manufacturing is shifting from China to Southeast Asia and India due to rising costs and the need for supply chain diversification. Southeast Asia and India are benefiting from increased foreign direct investment (FDI) by China+1 strategy, with significant growth in countries...
Hong Kong's A Grade office market records positive net absorption in April - JLL
According to JLL, Hong Kong's Grade A office market experienced a positive net absorption of 248,000 sq ft, primarily due to owner-occupied space at 1 Stubbs Road in Wanchai and China Mobile Hong Kong leasing 47,400 sq ft in Kowloon Commerce Centre Tower A, lowering the overall vacancy rate to...
Asia Pacific is leading in office space utilisation with effective hybrid workplaces - JLL
According to JLL’s 2024 Global Occupancy Planning Benchmarking Report, hybrid work is integral to organisational strategies in the Asia Pacific, with 84% of organisations adopt hybrid models, the region also leads globally in office attendance, with 22% of employees averaging five days in the...
