Singapore office rent rises to 15-year high in 1Q24: JLL
According to research from JLL, Singapore’s office rent performance in 1Q24 resumed its upward climb after a brief slowing of leasing activity at the end of 2023. The gross effective rent for Central Business District (CBD) Grade A office space rose 1.3% quarter-on-quarter, the highest rent...
Asia Pacific corporates racing towards net zero portfolios by 2030 – JLL
A study by JLL reveals that nine out of ten commercial real estate occupiers in Asia Pacific are striving to achieve 100% green certified portfolios by 2030, propelled by corporate net zero carbon (NZC) goals.
According to Knight Frank Thailand, occupied space decreased by 0.7%, leading to a 3.2 percentage point drop in the overall occupancy rate to 84.4% due to geopolitical tensions and rising freight rates.
HK logistics market faced mixed results in Q4: Savills
In Q4/2023, Hong Kong's logistics market saw a rise in warehouse vacancies due to new developments. However, there was a rebound in merchandise trade and air freight, driven by regional trade revival and e-commerce growth is expected to support the market in 2024.
APAC remains dominant source and destination for global capital: Colliers
Singapore, Hong Kong, China, and Japan among top 10 sources of cross-border capital in the second half of 2023, despite global investment volumes being below average.
Shortage for industrial spaces in Northern Metropolis - CBRE
According to CBRE, the relocation of Northern Metropolis brownfield sites will create significant demand for industrial leasing, with potential shortages of up to 15.5 million sq. ft. of industrial space projected from 2024 to 2029.
Asia-Pacific region tops luxury residential market performance in 2023: Knight Frank
Latest edition of The Wealth Report by Knight Frank reveals that despite interest rate hikes, 80% of global prime residential markets saw either flat or positive annual growth in 2023. Luxury prices rose by 3.1% on average, with the Asia-Pacific region leading at 3.8%.
HK residential leasing momentum ought to carry through 2024: Savills
According to Savills Hong Kong, strong demand for premium houses on the Peak contrasts with low interest in luxury rentals priced between HK$100,000 to HK$200,000. Diverse tenant profiles and budget constraints complicate the market, but local interest grows in mid-high-end rentals, maintaining...
Asia Pacific commercial real estate investment volumes rose 3% in Q4 2023: JLL
Investments in the fourth quarter totalled US$31.6 billion, representing a modest year-on-year uptick in investment volumes, breaking a seven-quarter slump, JLL’s Q4 2023 Capital Tracker.
