Realestate Asia

But this is only due to the major sale of Sunworld Dynasty in Q3 2020.

Sales volume reached 1,387 in the first three quarters of 2021.

There are currently 315 hotels with 86,967 keys.

Supply will hit record highs of over 5m sqm this year, with more supply slated until 2023.

There were a total of eight hotel investment transactions during the quarter.

This is when prices are still be negotiable.  

They are mostly in the CBD and CBD Fringe submarkets.

This is a sharp increase from last year’s US$168m.

A record 6,000 seats in flex spaces were absorbed in Q3 2021 alone.

Rents inched up 0.2% in October. 

Blame it on supply chain disruptions and labour shortages amidst the pandemic.

Damaged land could help address the lack of developable land in Seoul’s Capital Area.

Tenants in Kowloon are favouring lease renewals over relocations.

Full-year investment turnover is predicted to grow by up to 20%.