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.
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.
