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CSI Properties' Harbourside HQ in Kowloon Bay. (Photo: CSI Properties)

Bargain Leases Bring August Thaw to Hong Kong Office Market

CSI Properties' Harbourside HQ in Kowloon Bay. (Photo: CSI Properties)

2023/09/27 by Michael Cole Leave a Comment

After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last month in terms of net area leased, with tenants taking up 229,800 square feet (21,349 square metres) more than they gave up, thanks… Read More>>

After a year-long streak of nearly endless contraction, Hong Kong’s office market crawled into positive territory last … Read more>>>

IOI Central Boulevard Towers

Downtown Singapore Office Rents Slip For First Time Since Pandemic

IOI Central Boulevard Towers

2023/09/25 by Beatrice Laforga Leave a Comment

Average rents for grade A offices in Singapore’s central business district fell for the first time in over two years during the third quarter, sliding by 0.3 percent in the face of dipping demand and an influx of new space,… Read More>>

Average rents for grade A offices in Singapore’s central business district fell for the first time in over two years … Read more>>>

Rendering of Lakegarden Residences

Singapore Home Sales Retreat From July Peak as Supply Slows

Rendering of Lakegarden Residences

2023/09/16 by Beatrice Laforga Leave a Comment

Singapore new private home sales dropped by 72 percent in August from the previous month to 394 units as developers rolled out fewer projects.

Data from the Urban Redevelopment Authority (URA) on Friday showed that developer sales of new homes… Read More>>

Singapore new private home sales dropped by 72 percent in August from the previous month to 394 units as developers … Read more>>>

Mark Cameron Nuveen

Fragmented Regimes Challenge APAC Data Centre Sustainability: Nuveen

Mark Cameron Nuveen

2023/09/13 by Christopher Caillavet Leave a Comment

As growing requirements for information processing drive long-term demand for data centre space, Asia Pacific’s diverse political geography will present challenges for investors seeking to reach sustainability targets, according to a report from Nuveen.

APAC’s co-location data centre market is… Read More>>

As growing requirements for information processing drive long-term demand for data centre space, Asia Pacific’s diverse … Read more>>>

Fiona Ngan

Hong Kong Office Occupier Survey Reveals Economic Jitters, Relocation Doubts

Fiona Ngan

2023/09/08 by Christopher Caillavet Leave a Comment

Hong Kong office occupiers have identified the city’s economic outlook and a potential global recession as two of the most important factors having an impact on their business, according to a Colliers survey.

In the poll of 321 occupiers, 43… Read More>>

Hong Kong office occupiers have identified the city’s economic outlook and a potential global recession as two of the … Read more>>>

Cathie Chung JLL

Hong Kong Office Market Shrivels Again as Travel and Leisure Fail to Turn Tide 

Cathie Chung JLL

2023/08/27 by Christopher Caillavet Leave a Comment

Hong Kong’s Grade A office market in July saw tenants give back 224,600 square feet (20,866 square metres) more than they took up, though rising momentum from travel and leisure occupiers offered a bright spot amid the gloom, according to… Read More>>

Hong Kong’s Grade A office market in July saw tenants give back 224,600 square feet (20,866 square metres) more than … Read more>>>

View of residential buildings at the Mid-Levels

Hong Kong Residential Projects Hit Lowest Sales Rates in 5 Years

View of residential buildings at the Mid-Levels

2023/08/24 by Kaycee Valmonte Leave a Comment

New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first half of 2023, with only 55 percent of the 7,600 homes completed during the period having found buyers on their first… Read More>>

New project launches by Hong Kong developers achieved their lowest initial sales rate in five years during the first … Read more>>>

Benjamin Chow MSCI

APAC Real Estate Investment Drops 40% as South Korea Office Deals Defy Downturn

Benjamin Chow MSCI

2023/08/16 by Christopher Caillavet Leave a Comment

Investment in income-producing properties in Asia Pacific fell 40 percent year-on-year to $31.7 billion in the second quarter of 2023, weighed down by China’s economic slump and a lack of big-ticket office deals, according to MSCI Real Assets.

Office acquisitions… Read More>>

Investment in income-producing properties in Asia Pacific fell 40 percent year-on-year to $31.7 billion in the second … Read more>>>

HB Centre I & II 780

Singapore Industrial Rents and Prices Grow for 11th Straight Quarter

HB Centre I & II 780

2023/08/16 by Christopher Caillavet Leave a Comment

Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June period despite softness in trade indicators, according to Colliers.

The rental index climbed 2.1 percent, decelerating from a 2.8 percent increase in the… Read More>>

Rents and prices in Singapore’s industrial property market rose for an 11th consecutive quarter during the April-June … Read more>>>

Gordon Tang Singhaiyi

Singapore Home Sales Surge Five-Fold as Developers Launch More Projects 

Gordon Tang Singhaiyi

2023/08/15 by Beatrice Laforga Leave a Comment

Sales of new private homes in Singapore jumped by 408 percent to 1,412 units in July from just 278 condos sold in June after developers launched 2,500 new homes during the month.

The latest figure, which excludes subsidised housing and… Read More>>

Sales of new private homes in Singapore jumped by 408 percent to 1,412 units in July from just 278 condos sold in June … Read more>>>

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MTD TV

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Michael Smith Hongkong Land

The biggest landlord in Hong Kong’s Central district is headed to a second straight year of declining profits and the … Read More>>

New World’s Henry Cheng Says Searching for Successor, May Opt for External Candidate

Cheng Kar-Shun, NWD

Hong Kong property and retail tycoon Henry Cheng Kar-shun says he is still looking for a successor to run the family’s … Read More>>

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Rahul Pandit

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