PLP Architecture London wins design competition for sustainable architecture in South Korea
PLP Architecture, based in London, has won a design competition to create South Korea’s first Net Zero National Meteorological Center in Daejeon in collaboration with PLP Labs, POSCO A&C, and A10.
JLL has appointed Taeho Yi as the Country Manager for Korea, effective June 2024. Yi, a respected leader in the real estate industry, will oversee JLL's operations and strategy in South Korea.
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.
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.
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.
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.
Central Seoul building sold USD$242 million by Colliers and Savills
Allerman has acquired a 19-story building in central Seoul for USD$242 million from Hanwha Asset Management with the assistance of Colliers and Savills Korea.
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...
Hotel investors still on the lookout amid COVID-19 - CBRE Survey
The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, according to CBRE Research’s latest Hotel Market Survey.
Economic impact of COVID-19 'weighing heavily' on Singapore - CBRE Survey
CBRE has released the results of the Asia Pacific Occupier Flash Survey, showing the COVID-19 pandemic has had a significant impact on business sentiment in Singapore.
