Rising demand for data centres in Hong Kong - CBRE
The data centre market in Hong Kong is estimated to be valued at around US$3 billion in 2023 with the demand is on the rise due to advancements in technology, particularly AI, says Chester Leung, Senior Director, Valuation & Advisory Services, CBRE Hong Kong.
Asia-Pacific prime office rents decline 3.2% in Q1 2024: Knight Frank
According to Knight Frank’s Asia-Pacific Prime Office Rental Index, the prime office rental market experienced its seventh consecutive quarterly decline in Q1 2024, with Chinese Mainland cities particularly affected.
Hong Kong's grade A office market sees growth in March – JLL
Hong Kong’s overall Grade A office market recorded a positive net absorption of 137,000 sq ft in March, mainly driven by pre-commitments in new projects according to JLL.
Asia Pacific commercial real estate investment increases by 13% in Q1 2024 – JLL
In the first quarter of 2024, Asia Pacific experienced a 13% increase in commercial real estate investment, totalling US$30.5 billion, the only region globally to see year-on-year growth.
Renewable-powered offices preferred by corporate real estate leaders: JLL
Most corporate real estate leaders in the Asia Pacific aim to power at least half of their office portfolio with renewable energy by 2030, according to JLL.
JLL Thailand reveal 2024 ESG trends and commitments for sustainability
JLL Thailand highlights 2024 ESG trends in real estate and the benefits of sustainability for property owners and investors, including the growing demand for green buildings. Integrating ESG principles not only aligns with environmental goals but also offers financial benefits.
Asia Pacific home to half of the world’s top 10 most innovative cities: JLL
According to JLL, Beijing, Tokyo, Seoul, Singapore, and Shanghai are among the world’s top 10 cities for innovation and talent, attracting significant investment, particularly in generative AI. Investment in alternative sectors like electric mobility and green buildings is rising to address...
Malaysia emerges as key player in Asia-Pacific offshoring market
According to Knight Frank, the Asia-Pacific offshoring market is witnessing remarkable growth, with Malaysia emerging as a significant player, capturing over 8% market share.
