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...
Vietnam data centre market poised for expansion: JLL
According to JLL’s report, Vietnam's data centre market is set for significant expansion, propelled by a burgeoning digital economy and rising data consumption fuelled by activities like social media, e-commerce, and gaming with development says Celina Chua, Data Centre Client Solutions Director...
Asian commercial real estate markets remain stable – Colliers
According to Colliers’ Q1 2024 APAC Cap Rates Report across 19 markets, oversupply and rental pressure were key factors driving cap rate movements for office, retail, and industrial sectors.
Delayed rate cuts push back Asia Pacific commercial real estate investment recovery – CBRE
CBRE's recent survey indicates that delayed rate cuts and investor caution are prolonging the recovery of commercial real estate investment in the Asia Pacific region until late 2024 or early 2025, resulting in a 14% year-on-year decline in investment volume to US$24 billion in Q1 2024.
Singapore received the highest proportion (45.6%) of overseas investment among Asia-Pacific markets in Q1 2024 – Knight Frank
In the first quarter of 2024, Singapore experienced a significant increase in cross-border investment, outpacing the Asia-Pacific region with a 22.8% rise above the 10-year average, contributing US$906 million mainly in the hospitality sector, according to Knight Frank.
87% of Indian occupiers prefer renewable office portfolios by 2030 - JLL
According to JLL survey, the majority of office occupiers in Delhi, Mumbai, Bengaluru, and Chennai are aiming for at least half of their office portfolios to be powered by renewable sources by 2030.
Asia Pacific region pays higher rentals for better quality offices - Colliers
Colliers' Asia Pacific Office Markets report highlights that despite cost consciousness, occupiers are willing to pay higher rentals for top-quality offices and prime locations to attract talent, explains Mr Mike Davis, Colliers Managing Director of Occupier Services, Asia Pacific.
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.
