New valuation law to boost Philippine real estate competitiveness, transparency – Santos Knight Frank
The new Real Property Valuation and Assessment Reform Act (PRVARA) is expected to raise the competitiveness and encourage greater transparency in the Philippines’ property sector, boosting the country’s appeal to global investors, says Santos Knight Frank.
Cross-border investments in Asia-Pacific are projected to rise in H2 2024 - Knight Frank
Knight Frank forecasts for the second half of 2024 predict a 33% rise in Asia-Pacific cross-border real estate investments, driven by anticipated Federal Reserve rate cuts, as detailed in the Horizon Report III – Look Beyond the Norm.
Thailand benefits from supply chain and manufacturing shifts- JLL
Thailand has emerged as a prime investment destination in the supply chain reformation from China with substantial investment across key industrial clusters over the next decade, said Michael Glancy, Country Head of JLL Thailand.
Central Hong Kong vacancy continues to go up in June - JLL
In June 2024, the vacancy rate for Grade A offices in Central rose to 12.1% and net effective rents dropped by 0.6%, said Alex Barnes, Managing Director and Head of Office Leasing Advisory at JLL in Hong Kong.
Optimistic outlook for the industrial sector in Singapore - Colliers
There will continue to be a surge in supply; from 2024 to 2026, there is an average annual supply of 1.1 mil sqm industrial space coming on stream, said Catherine He, Head of Research, Colliers Singapore.
APAC office sector recorded greatest movement in cap rates - Colliers
According to Colliers' Q2 2024 APAC Cap Rates, the office sector led the movement in cap rates across Asia Pacific. Sales transaction volumes remained low, said CK Lau, Colliers’ Managing Director of Valuation & Advisory Services.
Hong Kong’s data centre market continues to attract occupiers - CBRE
According to CBRE’s report, Hong Kong's the demand for data centres surged during the pandemic due to the shift towards using more cloud-based systems, said Samuel Lai, Executive Director, Head of Advisory & Transaction Services – Industrial & Logistics, CBRE Hong Kong.
APAC prime office rents decline in Q2 2024, but signs of stabilisation emerge – Knight Frank
In Q2 2024, Asia-Pacific prime office rents declined by 3.1% year-on-year, showing slight improvement from the previous quarter's 3.2% drop, according to Knight Frank. Despite the continued downward trend over eight quarters, signs of market stabilisation have emerged, said Tim Armstrong, Global...
Mixed performance for Hong Kong’s commercial real estate Q2 2024 – Colliers
The Colliers Market Report for Q2 2024 highlights a mixed performance across Hong Kong's commercial real estate sectors amid macroeconomic uncertainties. While high-street retail rents edged up by 1.0% QoQ due to tourism recovery, Grade A office and warehouse rents declined by 1.0% and 0.4% QoQ...
Singapore’s investment market increased 64.1% in Q2 2024 - Colliers
According to Colliers, in Q2 2024, Singapore saw a significant investment surge to SGD 6.5 billion, up 64.1% from the previous quarter, driven by SGD 3.2 billion in government land tenders and strong contributions from the office, residential, and mixed-use sectors.
